If the pattern makes it above 136.025, the pattern will be complete, in which case i have places my entry at point B , my limit at the of the BC leg , and my stop at the Red D point, because at that point , we are at roughly a 2:1 risk reward ratio, also because I am going to walk away, and if the market crosses 136.025, but doesnt make it the the Black point D, I don't want my stop further out then that structure.
I have used the line as support for my Hypothesis, the chart will show you a of the last 200 moves,(or the last 100 on the hourly). The idea here is that the is also in sync with the price action style trade, giving me a better chance at correctly identifying the next move.
Thanks for tuning in, please leave me some tips, advice, or just a plain old thumbs up! AKA like comment and follow:)
Thanks again, Good Trading