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EL_KHIBRATTOR
Jan 29, 2018 1:40 AM

USD/JPY Classical AB=CD Pattern Long

U.S. Dollar/Japanese YenFXCM

Description

This is a counter trade based on a classical AB=CD Pattern that doesn't respect Fib ratios,but the length and time of the leg AB is equal to the length and time of the leg CD, and moreover the D point is aligning with a support level structure which gives the trade a high probability of success.

The First Target is 50% of the leg CD, while the second target is 78.6% of CD.

Comment

First Target Hit

Comment

The trade managed to hit the first target only.
Therefore I close the trade manually
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