kinginwithrome
Long

POSSIBLE ABCD PATTERN ON USDJPY (TRADE WALK THROUGH)

FX:USDJPY   U.S. Dollar/Japanese Yen
HELLO TRADERZ! SO, WE MAY HAVE A POSSIBLE ABCD PATTERN COMPLETION ON USDJPY             ON THE HOURY CHART. WE'RE GOING TO USE THE "IF/THEN" METHOD. IF WE GET A COMPLETION OF THIS ABCD PATTERN , WE'LL BUY AT THE 1.272 EXTENSION , WHICH ALSO COMPLETES THE C TO D LEG, AND IS ALSO IN CONFLUENCE WITH PREVIOUS STRUCTURE SUPPORT . OUR TARGET WOULD BE THE 61.8 ON A FIB OF THE C TO D LEG, WHICH ALSO CORRELATES WITH PREVIOUS STRUCTURE SUPPORT WHICH SHOULD NOW BE RESISTANCE.
SORRY TRADERZ... I MEANT TO SAY 4H CHART, NOT HOURLY.
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