the detail is shown on the above Idea. this Idea is in Continuation of my Confirmed Previous Idea.
Although Bearish Trend was less than I expected ( Fibo Lower Level retraced)
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A bullish ABCD pattern sits on the extreme of the demand zone of this counter-trend trading opportunity.
I'm waiting for this candle to close and decide if I'm going to have an aggressive trade on this setup.
The final decision will be sent to my community.
A ranging market on USDJPY, there is 3 level of support or should I say a buying opportunity.
The first one would be 106.99 as an immediate support level, breaking off that and closing below the support line I will be looking for a buying opportunity on ABCD pattern completion or even a bullish bat pattern if the candle break and close below the support level of 106.99.
A bullish ABCD setup near the important immediate support, if a break and close below the support traders can wait for the major support level before having your trade planned.
One of the two to happen for me to engage the trade.
1. touch the blue line but not closing below it;
2. touch the tip of the blue box also known as the PRZ(Potential Reversal Zone) and...
Potential Weekly Setup in USDSGD
TP1: 1.3178 (839pips)
Open position at: 1.2339 (retrace price after touching D point)
Will be a very profitable trade if the setup completes beautifully.
Daily is still bearish.
Will USDJPY hold its ABCD pattern in this counter-trend trade in the 1-hr chart?
We shall see
TP1: 107.29 (188pips)
TP2: 108.46 (305pips)
SL: 104.44 (-97pips)
Open position at: 105.41
Another ABCD spotted in AUDCAD in Daily Chart
TP1: 0.8894 (254pips)
TP2: 0.9084 (444pips)
Open pending order at: 0.8640 (only when price retraces from 0.8587 back to 0.8640). Created alert at 0.8587
Bullish ABCD AUDCAD spotted in 1-hr chart.
Price has hit TP1. Expect the price to drop in buy zone again to reach TP1 and TP2.
TP1: 0.8743 (55pips)
TP2: 0.8779 (91 pips)
SL : 0.8659 (-29 pips)
Set pending order on 2 Mar at 0.8688
Potential Bullish ABCD spotted in NZDJPY in 4-hour chart.
TP1: 69.92 (210pips)
TP2: 71.22 (34opips)
SL: 66.71 (-111pips)
Expected D point to touch price point before 4 Mar 2020 at 67.82 (to open trade)