What's up everyone, here we have GBP/CHF with a bearish AB=CD pattern on the 4h 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 may complete at 1.618 which is a key resistance level in the market.
A to B time completion is very similar to C to D with around 38/35 days and 173/153 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 may complete at 1.618 which is a key resistance level in the market.
A to B time completion is very similar to C to D with around 38/35 days and 173/153 price bars.
Feel free to connect with me on social media :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
