What's up everyone, here we have NZD/USD with a bullish AB=CD pattern on the 1h chart.
The measurements for a valid AB=CD pattern are detailed below.
C: 0.618 - 0.786
D: 1.272 - 1.618
Excellent trading opportunity with over 1:3 risk to reward.
The D point forms at a key support level in the market which indicates a reversal at this level rather than a D point of 1.618.
A to B time completion is expected to be as similar to C to D as possible with around 22 days and 389 price bars.
Feel free to connect with me on social media :)
The measurements for a valid AB=CD pattern are detailed below.
C: 0.618 - 0.786
D: 1.272 - 1.618
Excellent trading opportunity with over 1:3 risk to reward.
The D point forms at a key support level in the market which indicates a reversal at this level rather than a D point of 1.618.
A to B time completion is expected to be as similar to C to D as possible with around 22 days and 389 price bars.
Feel free to connect with me on social media :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
