USDCHF ABCD Setup | Forex Factory

  • USDCHF ABCD Setup

    From winnersedgetrading.com

    Dollar Swissie had got a massive move down today and it broke the daily trendline. This move caused by risk aversion as president Obama’s speech about tax cuts. Technically I like to go long somewhere around 0.9585 as an ABCD pattern will be completed there on daily timeframe.

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A Tratseuski
Dec 13, 2010 9:35pm
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Hey, I have been working with ABCD formations for a while now and did plenty of backdating. The analysis here is not relatively wrong, yet the way ABCD formation work are not depicted right. The person writing that article failed to mentioned that the CD line needs to fall at the same level as Fibonacci extension of 161.8% or 127.1% of AB line or 161.8% of BC line. Just a thought thanks.
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