If we get down to that level before invalidating the pattern (closing beyond the extension of 1,414 of X-A) we have a solid opportunity to go long. The maximum wins would be 212 pips compared to the risk of 164 pips.
This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye.. Good luck to everybody in the markets.
This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye.. Good luck to everybody in the markets.
Note
Limit order set for 1,6967Trade active
order filledNote
Adjusted target 1 hit, stops for the remainder to break even.Note
Hopefully this will take us all the way up to target 2Trade closed: target reached
target 1 reaced - 44 pipstarget 2 stopped out for break even - 0 pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.