System has identified a “ABCD/Fib-Ext” playbook setup and set sell limit entry during the first hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal....
EurCad has completed our reversal setup criteria and we should be able to capitalize on at least double the risk. Its in a fib ext zone and has also completed our beloved ABCD pattern so.. Lets see
Our second setup of NY also points to GBP rise but against the USD. Price has reached critical ABCD and Fib Ext level. Using our proprietary ATR for SL. Lets see how NY treats us
Price has met all criteria for our 'reversal setup' and on top of that, price is hanging around the higher timeframe fib extension and ABCD completion levels. Lets see if ASIA can give at least give us a 2R idea in the bag
Now that the market has grabbed the money sitting below support, lets see if they play the dump and pump using a 272 fib ext and triple ABCD to join the bulls
I am short the EURGBP @0.88579. Sub-optimal price, but hey, what are you gonna do, right? I fully expect a pullback, which actually might be preferable so that I can get an even better price.
Target 1 is about 220 pips away @0.86585, although there two demand zones (blue rectangles) that BEARS will need to get through.
