I apologize for the confusion. I meant AB=CD pattern. I'm in on the AUDUSD one right now. I'm probably going to get stopped out but it looked good to me. I'm down 35 pips now. I should have waited for the news release. Oh well.. I keep learning here..
UPDATE: I closed out the trade for a loss of 30 pips..
UPDATE: I closed out the trade for a loss of 30 pips..
DislikedUnless I am mis-reading your charts, those are not proper ABCD's. Yes, they worked, but they do not follow the general rule for ABCD.
The C point must be between 61.8% and 78.6% AB. The market can 'wick' past 78.6% but cannot close beyond that.
As far as I can tell, you are seeing 'measured moves' at best.
Nonetheless, it is working for you, and that is key, just we need to be careful about semantics in order to keep everyone on the same page.
Cheers!Ignored