Forex Zone | Forex Forum

AB=CD Pattern Strategy

Discussion started on Trading Systems

  • Posts: 257
  • Points: 0
  • Likes Received: 5
  • Reputation: +1/-0
AB=CD Pattern Strategy in Trading Systems_clip
Trading strategies use the AB=CD pattern In the world of trading, 

especially those using technical analysis, there are many traders who use chart patterns as a reference, not least with the AB=CD pattern. Why did I choose this pattern, because this pattern is among the easiest to remember and easy to recognize, and of course has a fairly high win ratio. This pattern connects legs A=B, B=C, C=D with the same distance using the Fibonacci retracement and Fibonacci expansion, or it could be just one of them. To find this pattern quite easily we must first measure the correction of point C using points A and B length, and point C should not exceed point A. After finding point C, after that point D can be placed in the area of 161.8% of the length of point A to B earlier. For more details, can see the picture. 

And as an example I will analyze the EUR/USD pair :
In the EUR/USD pair it looks like it has touched the 161.8% area, we are just waiting for the bullish engulfing signal as confirmation of an open buy.

Linkback: https://www.forex.zone/trading-systems/10/abcd-pattern-strategy/3010/
#1 - February 16, 2020, 07:11:54 PM
Attachments:

  • Posts: 257
  • Points: 0
  • Likes Received: 5
  • Reputation: +1/-0
AB=CD Pattern Strategy in Trading Systems_clip
I see a good momentum in the EURCHF pair, the EURCHF Daily timeframe has formed the AB = CD pattern perfectly. 
after I measure the Fibonacci expansion, the price is in the area of 61.8% - 76.4% Fibonacci expansion which means that in that area we can open long positions. For the target we can place it at 1.14140 for the long term. I think this pair is quite promising, and if it ends perfectly in the target area it will form a Harmonic pattern. 

Signal Recommendations: 
Buy at the price of 1.05980 
Stop loss at the price of 1.05383 
The target is the price of 1.14140
#2 - February 24, 2020, 01:20:35 PM
Attachments:

  • Posts: 340
  • Points: -5
  • Likes Received: 39
  • Reputation: +1/-0
AB=CD Pattern Strategy in Trading Systems_xx
The strategy is quite good and easy to recognize, so first we have to look for patterns that are shaped like that first, sir? Then we measure the Fibonacci retracement?
#3 - February 25, 2020, 03:52:56 PM

  • AB=CD Pattern Strategy in Trading Systems_index
  • Posts: 532
  • Points: 19213
  • Likes Received: 16
  • Reputation: +0/-0
AB=CD Pattern Strategy in Trading Systems_xx
this pattern is quite simple, just enter Fibonacci and the leg length must be the same, but don't open the position immediately, see first with other assistance
#4 - April 24, 2020, 08:58:37 AM

  • Posts: 460
  • Points: 181
  • Likes Received: 43
  • Reputation: +4/-0
AB=CD Pattern Strategy in Trading Systems_clip
this is an example of the AB = CD pattern but it is easily visible but it needs careful observation using other supporting indicators such as oscillator or zigzag
#5 - April 25, 2020, 05:24:37 AM
Attachments:

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

* Similar Topics

xx
What is the difference between chart pattern and Harmonic pattern?

Started by zanurreload on General Forex Discussion

28 Replies
539 Views
Last post May 03, 2021, 11:00:38 PM
by ERSYA
clip
Harmonic pattern

Started by Abdul Hakim on Trading Systems

39 Replies
1220 Views
Last post April 28, 2020, 12:18:02 PM
by Atminehomo
clip
Engulfing candle pattern

Started by Culun on Forex Education

459 Replies
4448 Views
Last post March 01, 2021, 04:48:53 PM
by Kintamani
xx
CandleStick Pattern Identifier

Started by Ms on MT4 / MT5 Indicators

0 Replies
1267 Views
Last post August 16, 2019, 12:33:32 AM
by Ms