Is this a proprietary use of the ab=cd ~~~~ it's certainly not used in the "classic" sense.
You have definitely identified a high demand zone, however I don't see how an ab=cd
pattern support this, especially when the C to D leg is about 35 pips longer
at the entry for a long and a retracement of B to C around twice the accepted norm.
Thanks for your thoughts !!!!!
Hope you're making lots of pips in 2014 !!!!!