FX:USOIL   āļŠāļąāļāļāļēāļāļēāļĢāļ‹āļ·āđ‰āļ­āļ‚āļēāļĒāļŠāđˆāļ§āļ™āļ•āđˆāļēāļ‡āļ™āđ‰āļģāļĄāļąāļ™āļ”āļīāļš (WTI)
A Setup as Simple as ABCD

Today, I would like to show you one of my favorite Price Action trading setups called AB=CD Setup.

You can use this setup both for intraday and for swing trading.

In this post, I will show you the AB=CD setup on a Weekly chart , which I use for my swing trade analysis.

Trading AB=CD as a standalone strategy
You can trade this setup as a standalone strategy but I personally prefer to have some more confluences with other strategies which would confirm the support/resistance levels this AB=CD method shows.

It would be best if there was some significant volume area created around the point D in the past.

Still, the AB=CD setup on a Weekly chart is a strong signal and I think we can expect a reaction there.

Oil is under strong attack, but i still believe for long trade !!

Reason for this long trade

1. Garley ABCD
2. Volume cluster

Happy trading

Dale



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