Unified Pattern Completed. Wait for entry reason now the D point has completed. Stops will be ATR based once the entry reason is confirmed. Profit targets are the .382 & .618 C-D leg with fibs re-stretched if price moves lower.
Results based on my backtesting (2005 - 2018):
Average Win Rate - 73% to .382 targets & 65% to .618 targets
Average R:R - 1.36
Average Profit Factor - 3.05
Average Recovery Factor - 9.14
Results based on my backtesting (2005 - 2018):
Average Win Rate - 73% to .382 targets & 65% to .618 targets
Average R:R - 1.36
Average Profit Factor - 3.05
Average Recovery Factor - 9.14
Trade active
Comment:
Trade closed: target reached:
1st target hit
Trade closed: stop reached:
Break even