AB=CD pattern for long on USDJPY
So we finally broke or indecision triangle and seem to have something more of a trend downwards on usdjpy.
For next week he have big two big events for the USD: GDP number and Trump's speech. In my opinion, depending on those two numbers we might get a bounce up sooner or just accelerate towards D.
I see some strong support before getting to D because it would require going lower than the previous low of the year, which has proven to be a strong support. Once at D, I find all the more reasons for the bounce since there are a lot of Fibonacci levels in that zone.
Entry around 111408 depending on price action.
Take profit 1 at 111.905.
Take profit 2 at 112.295.
Might take a couple of days to complete.
For next week he have big two big events for the USD: GDP number and Trump's speech. In my opinion, depending on those two numbers we might get a bounce up sooner or just accelerate towards D.
I see some strong support before getting to D because it would require going lower than the previous low of the year, which has proven to be a strong support. Once at D, I find all the more reasons for the bounce since there are a lot of Fibonacci levels in that zone.
Entry around 111408 depending on price action.
Take profit 1 at 111.905.
Take profit 2 at 112.295.
Might take a couple of days to complete.
ملاحظة
I think I found a smaller trade in a smaller time frame, with same entry point and therefore less risk. 
تم حذف الأمر
Although it did go long, the pattern didn't complete.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.