Educational:How to use ABCD Pattern in our analysis Education

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Feb 26, 2017 9:14 AM

Step 1 Define the AB=200.8 pips

Step 2 (Most important)If confirmed that the price will go up for the C!
The height of BC must be(0.618-0.786)of height of AB

Step 3 If CD=AB=200.8 pips.The price will reach to 1.32524

Trade closed: target reached

⋅ Feb 28, 2017 8:12 PM

200 pips green profit

AB=CD

Comments

sanjarani

⋅ Mar 1, 2017 6:09 AM

Wonderfully
Good job Mr QI

bavdezigns

⋅ Mar 1, 2017 12:22 AM

Wow, how do you compute these?

jaffd12

⋅ Feb 28, 2017 9:02 PM

Very nice thank you for clarifying this technique.

i.r.ivanov

⋅ Feb 28, 2017 8:44 PM

very good

wolfstreetswinger

⋅ Feb 26, 2017 7:22 PM

Nice view, although i believe the safe way to trade the ab=cd pattern is to short from D completion with resistance to C which in turn is many more pips to your trade

snchaitanya

⋅ Feb 26, 2017 10:05 AM

Didnt get the Step 2

USAS_INC

⋅ Feb 26, 2017 10:01 AM

Its a question how much high??