this H1 Ichimoku shows equilibrium would be established at 1.3092, same level as last chart
'The pink ellipse details this

PURPLE LINE SHOW Z SWING TRANSPOSED AND MEETING .618 LINE OF SWING DOWN

currently a weak retrace of thrust down,

this is my current target. upmove , for me, cannot yet be ruled out

the kijun se is also in this cluster,@1.3018

OK its hit first target.

Hey guys,

Sorry for reviving this old thread. I recently got into harmonic pattern trading and am trading mainly in the FOREX market (as I have no idea about futures haha). This is a potential ABCD pattern forming.

Feel free to correct me if you think I am doing this incorrectly as I am a newbie in harmonic patterns hehe.

Currency: USD/JPY
Timeframe: Daily (D1)

I took the trade in my demo account. With the TP at 1.27 of Fib extension.

I saw Larry P on TFNN.com. he streams live youtube videos teaching these patterns.