Here, we have a completed ABCD pattern with the USD/JPY on the 1D chart.
Price has hit D point but seems to be stalling for the moment.
We can expect price to make a break within the next few hours.
Risk Ratio - 3:1
The measurements for a valid ABCD pattern are detailed below.
AB: 0.618 - 0.786
CD: 1.272 - 1.618
Price has hit D point but seems to be stalling for the moment.
We can expect price to make a break within the next few hours.
Risk Ratio - 3:1
The measurements for a valid ABCD pattern are detailed below.
AB: 0.618 - 0.786
CD: 1.272 - 1.618
