*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.

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