ABCD Pattern

2019-12-09 15:27:30

This pattern has formed by retesting the top of the descending trend line.

Price is around a Large round number (120.00) I expect a bit more retesting here before a bullish move upwards.

Risk reward ration is 1:3.5 (15pips is approx loss)

A good bullish candle closing above the line is required.