CORRECTION: I misspelled the second target, it should read TG #2: +709 Pips.
UPDATE #1: Entry has been triggered, the trade is active. The chart above would not show this because it is a . Keep in mind that it will only show the entry being hit AFTER 5 pm (US time) !!
Here we have a really good pattern that completed very close to the X point but did NOT violate it. Since the normal completion is at 78.6% Fib retracement level, this trade has given us the opportunity to to reduce our risk and increase our potential profit. The stop loss is only 100 pips, which I'm personally willing to risk on a good as in this case. The market also recently tested the long term (not shown in the chart above). I already posted the on this pair, where we also had a completion of a pattern. See the chart for more details.
Note: Check out the related idea below to see the long term and the weekly pattern !!
Please feel free to AGREE or DISAGREE with this idea. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)