JesusDiaz
Short

EURGBP Short side

FX:EURGBP   Euro Fx/British Pound
72 2 1
**WT +90 Pips** Republishing a trade that has been buried in the pile.
I always thought that a pattern becomes invalid when it has traded below C
and Especially below X. So, my question is . . .
Did this work because of the pattern set up or because of the
resistance that was created in previous price action ???
Anyone's thoughts ???
(I like to be cautious that i do not make a winning trade
for the wrong reasons as that will only lead to disaster
somewhere down the road)
Reply
JesusDiaz dojitrader
If you are focused on valid patterns you can draw out a butterfly from the most recent price action. The trade, however, is probably working because of the price level. Price action definitely showed that this was a level of interest having multiple patterns completing at the same price area and being a historical level for new Structure highs
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out