Forex bullish

Yen Aims to Extend Gains, Pound Focus Shifts Back to Politics. Gold Prices May Find a Lifeline as Market Mood Darkens.

How to Trade the Forex Bullish AB=CD Pattern

Loonie Slides as Crude Dives- USDCAD Recovery Eyes Resistance. FTSE Further Develops Range on Sharp Turn Lower. Dow Jones Industrial Average Struggles to Hold the Gap Higher. The British Pound Breakdown. M Gartley, the father of harmonic patterns. The BC leg usually retraces to the 0.

Trade the Bullish Engulfing Pattern

If leg BC moves lower than the 0. In addition, a shallow retracement to the 0.

After a stellar run of pips, traders will wait for a profit taking decline to end at a Fibonacci level. While the average retracement is to the 0. In the above trade the risk to reward was 1 to 5!

A sharp rebound from point C could have been entered on October 16 th at After entering long at From there, a pip limit could have been set at In the above example the distance from point A and B was fairly equal to the distance from points C and D. However, an expansion of volume can lead to the D target point to move higher to other Fibonacci expansion ratios of 1.

Taking part of a trade off at the 1. Interested In Our Analyst's Best Views On Major Markets?

The Bullish Gartley Pattern| wixequj.web.fc2.com

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