Here we find an example of how the simple AB=CD formation can be used in a powerful way to determine excellent Take Profit Targets (Point D) and Stop Loss Level (Below Point B). This is the USDILS 4 Hourly Chart.
This is a breakout strategy that can be used on all timeframes and all instruments.
These trades naturally allow for a high risk to reward ratio, usually exceeding 1:3.
Click on the nodes to read further notes on the charts explaining the strategy.