Classic ABCD Pattern Complete On 4hr TF EURUSD!

This pattern is complete. however our minimum target should be the 38.2 swing retracement for this type 1 harmonic reaction trade. in this case the RR is not in our favor at the moment. For me its best to wait for this pair to retrace slightly until the RR becomes at least 1:1. Currently its around 0.75 which is never good and not in our favor.
For those who wish to take this trade please do it at your own risk! meanwhile if the criteria meets i will execute the trade and update below if anything. Meanwhile we have The USDJPY short trade running as well which has moderate correlation to this EURUSD 4hr timeframe and therefore taking that into consideration i will decide if i want to take this trade or not. Nevertheless its a good pattern. cheers and happy trading

Kommentera:

THAT WAS A GREAT MOVE FOR THOSE OF YOU WHO MANAGE TO GET IN.