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ollyt33
Jan 14, 2019 10:18 AM

EURUSD Long Long

Euro Fx/U.S. DollarFXCM

Description

Unified Pattern Completed. Wait for entry reason now the D point has completed. Stops will be ATR based once the entry reason is confirmed. Profit targets are the .382 & .618 C-D leg with fibs re-stretched if price moves lower.

Results based on my backtesting (2005 - 2018):

Average Win Rate - 73% to .382 targets & 65% to .618 targets
Average R:R - 1.36
Average Profit Factor - 3.05
Average Recovery Factor - 9.14

Trade active

Comment

Trade closed: target reached

1st target hit

Trade closed: stop reached

Break even
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