Hi people, I will post some potential buy and sell trades based on ABCD pattern coupled with price action.
This is strictly for DEMO trading. Be advised.
First up CHFJPY 15 M Bullish ABCD pattern being developed. Potential buy around round number(but we will look for price action around that RN. ie. pinbar, engulf etc.)
The TP will be the range of CD and the SL is half that.
Buy around 113.05 (wait for price action here to buy)
SL 15 pips (half of CD which is about 30 pips)
TP 30 pips (bring sl to break even when position moves 15 pips this is also close to quarter number of 113.25)
I will post more before sunday open.
This is strictly for DEMO trading. Be advised.
First up CHFJPY 15 M Bullish ABCD pattern being developed. Potential buy around round number(but we will look for price action around that RN. ie. pinbar, engulf etc.)
The TP will be the range of CD and the SL is half that.
Buy around 113.05 (wait for price action here to buy)
SL 15 pips (half of CD which is about 30 pips)
TP 30 pips (bring sl to break even when position moves 15 pips this is also close to quarter number of 113.25)
I will post more before sunday open.