Trade plan: enter firstname.lastname@example.org with sl @0.66891(19.8 pips) and tp @0.67287(19.8 pips).
Over the past 20 years a pattern with these B-point and C-point ratios appears 21 times on AUDUSD ,60M if the swings are identified with prex(6) algorithm. The best expectancy of 0.4166 of the Risk is acheived if the entry is placed @0.8XA(limit order), stoploss is placed @1.0XA and target is equal to risk distance. Historically average RR ratio is 1.12, the probability of win is 66.67%
Follow the updates. The pattern may become invalidated before it completes.
Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if I am to do it in future:)
A price move above the C-point invalidates this setup. If you tested it this way then you can set your orders. If you didn't test it at all then you are gambling. What if I just post some random stuff???
It depends on the rules that you have tested. The statistical performance that I placed into the description doesn't have this rule.