SL= D point @ 1. 1305
TP1 = 100% fib @ 1.1421
As I have explained in previous charts, my harmonic patterns are not "perfect" patterns according to Carneys teachings...
I draw patterns with a reasonable amount of - or + deviation of Fibonacci ratios. By doing so it results in more patterns that are also valuable to trade. It also results in a lower win ration per trade, because you now have more trades that can be taken.
So through proper use of money management one is capable to increase their trading activity and profitability through trading these patterns...
In short, i am impatient and hate waiting for a perfect pattern to complete, only to have the last fib or so discard it as a harmonic pattern.
There are patterns everywhere and even if they are not perfect, why should we limit ourselves to only the ones that are?!?!?