We have 141 and 127 FIB Ext Confluence and also close to the 81. 0000 even number. If we continue straight down and miss these levels I will be very interested to see what happens at the Major Support Blue Lines - confirmation from HTF these are respected levels. Happy Trading
Depending on your back testing results we also find that stop placement varies from pair to pair - some pairs require forward order entry - stops could be anything from using a standard 113% fib EXT to an ATR based stop. Remember stick to your rules and as always trade your plan. We don't know what the market will do we can only identify predict decide and execute, we analyze the market and use as many tools as we have and make our decisions based of technical analysis. We put ourselves in the highest probable chance of a winning trade, if it is a losing trade and we follow our plan and rules then it is still a winning trade. Thanks @ninjabenja and @Nico_Muselle for providing feedback - I will put standard ratio's for entires targets and stops for the patterns in future.