The candle break and close below the sideways consolidation(red line) and retrace back into the 1-hourly chart sell zone and within that, there is a bearish shark setup on this trend trading opportunity, AB=CDpattern is in to sweeten the deal.
I will be waiting for a candle confirmation to engage the trade.
Do you dare to trade this pair?
If it kills, it does so lethally. If not you are greatly rewarded with this pair going in your direction.
Bearish ABCD spotted in this daily chart. Gold is rallying strong in its bullish trend, hence this is a wait to do a counter-trend trade. Not for the faint-hearted.
TP1: 1559.72 (16610pips)
TP2: 1452.97 (27285pips)
Potential ABCD setup in GBPAUD (4hr-chart)
TP1: 1.9632 (485pips)
TP2: 1.9334 (783pips)
SL: 2.0467 (-350pips)
Open position at: 2.0117
Could be a very profitable trade - I will watch closely on this price.
Price has fully tested the potential reversal zone of the bearish AB=CD and it looks good to short.
Trading Pair: CAD/CHF
Time Frame: 15 Minute Chart
Formation: Bearish AB=CD
I was holding off until I saw a test of the 2.0 projection at 0.73485, which happened just moments ago. The main reason being is because of the small S/R range at the AB=CD measurement,...
AUD/USD Head&Shoulder pattern in 4hr/Daily timeframe
AUD economic calendar release CPI MoM & QoQ expected bullish release
while in USD interest rate bears will be gathering.
Entry at vwap and s/l at high of the candle
We have a nice bearish AB=CD forming on the GBP/AUD pair, Intermediate Timeframe is 4H, Major is Daily and Minor is 1H.
I expect this pattern to complete today or tomorrow.
This AB=CD has an AB measurement of 0.393 which means the reciprocal ratio will be 2.618. This is the CD price leg.
Once price confirms 2.618 ratio I will be looking to enter the trade...