Educational:How to use ABCD Pattern in our analysis
Step 1 Define the AB=200.8 pips
Step 2 (Most important)If confirmed that the price will go up for the C!
The height of BC must be(0.618-0.786)of height of AB
Step 3 If CD=AB=200.8 pips.The price will reach to 1.32524
Step 2 (Most important)If confirmed that the price will go up for the C!
The height of BC must be(0.618-0.786)of height of AB
Step 3 If CD=AB=200.8 pips.The price will reach to 1.32524
Trade closed: target reached:
200 pips green profit
