I like to trade this pattern at market tops.
(Please do not trade correlated pairs, i posted another AUDJPY trade)
Price is respecting this reciprocral AB=CD pattern. Still not late to catch this move.
Reasoning:
- structure resistance
- reciprocal AB=CD
- 0.61 fib retracement
- parallel channel
- morning star candle pattern
Happy weekend
(Please do not trade correlated pairs, i posted another AUDJPY trade)
Price is respecting this reciprocral AB=CD pattern. Still not late to catch this move.
Reasoning:
- structure resistance
- reciprocal AB=CD
- 0.61 fib retracement
- parallel channel
- morning star candle pattern
Happy weekend