What happen when Sl is Hit?
Price continue in same dir.
Price continue in same dir.
Note
Already in Profit so the Risk Tolerance will depend on how the price reaches the D leg of this Harmonic Pattern. if it reaches there quickly with minor seller's interest, i do not manage trade, cause the probability of the pattern failing will be more that 50%, but if it take longer to get there then i'll turn trade to risk free.Moreso, we are in the overall flow so, the odds in our favour.
Let's observe.
Trade closed: target reached
1:1 Good 2:1 Coming
Trade closed: target reached
2:1 Hit.Risk Free.
Wait to close all position at Golden Ratio.
Trade closed: target reached
All position closed
Related publications
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.
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.