VictorChia
Long

USDJPY ABCD Pattern Aligns with Market Structure

FX:USDJPY   U.S. Dollar/Japanese Yen
One of trades that I really look for is for some form of harmonic pattern to complement a market structure. In this case, we see that AB=CD completes at 118.7 and 1.27AB completes at 118.6 and this gives us a really nice tight confluence zone. Market structure clearly showed that being a pivotal point so bulls can definitely look to buy here.

Stops to be placed below 1.618 of AB as how we usually trade a ABCD pattern
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