USD/JPY Classical AB=CD Pattern

This is a counter trade based on a classical AB=CD Pattern that doesn't respect Fib ratios,but the length and time of the leg AB is equal to the length and time of the leg CD, and moreover the D point is aligning with a support level structure which gives the trade a high probability of success.

The First Target is 50% of the leg CD, while the second target is 78.6% of CD.

Yorum:

First Target Hit

Yorum:

The trade managed to hit the first target only.
Therefore I close the trade manually