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Daily Feed FX: 6th April - AB=CD 1.272 - USD/JPY - PatternSurfer

Daily Feed FX: 6th April – AB=CD 1.272 – USD/JPY

Jump to: Pattern Result

Date and Arrival Time: 2021-04-06 08:40

Symbol Name:  USD/JPY

Pattern and Direction: AB = CD : 1.272

Pattern Completion Price: 110.471, Pattern Ideal Completion Price: 110.48

An AB = CD : 1.272 has arrived at 08:40 UTC.

There is a potential Sell opportunity at 110.471. A safe stop-loss for this AB = CD : 1.272 can be kept above the ideal completion price depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .

UPDATE: 6th April – Success!

Let’s take a look at how this pattern’s results unfolded: