This little guy (in Blue) formed on the C point of a bigger one (in formation {pink on the chart}).
B point is a little bit lower so I will by cautious, but D point lies in a support zone that PA has tested and rejected multiple times in the past.
I'm going to enter on the projected D point and use that bar low as SL (don't want to risk too much)
Numbers look like:
Entry: 1.13445
SL: 1.13150
TP1: 1.13803 (.236 1.3 RR)
TP2: 1.14029 (.382 2.11 RR)
TP3: 1.14211 (.500 2.78 RR)
Keep in mind that can be a gap on the Monday's first bar... those gaps usually close very fast.
Good Luck
B point is a little bit lower so I will by cautious, but D point lies in a support zone that PA has tested and rejected multiple times in the past.
I'm going to enter on the projected D point and use that bar low as SL (don't want to risk too much)
Numbers look like:
Entry: 1.13445
SL: 1.13150
TP1: 1.13803 (.236 1.3 RR)
TP2: 1.14029 (.382 2.11 RR)
TP3: 1.14211 (.500 2.78 RR)
Keep in mind that can be a gap on the Monday's first bar... those gaps usually close very fast.
Good Luck
Order cancelled:
PA went way too low... invalidating the pattern.