Here we see a and forming and we usually know that with multiple patterns at the same D completion Area means for a high probable trade along with other filters, and providing extra confirmation for a reason for entry.
- X to A - A to B 61.8% Retrace and must not touch 78.6% - B to C MIN 61.8% must not violate A Leg - D Completion 78.6% Retrace from X to A with a 1.272 Fib Extension from A to B and an move from A to B leg copied from the C leg to the D completion with all these together shows us the potential Kill Zone - A perfect will have all of these parameters meet at the exact same point - as you can see in this the Green box is large for our kill zone - having a tells me that the best entry would be 78.6%
Just below the Even Handle 2.15000
I have marked Standard Entry level @ 78.6% - you will notice the R:R Profile is slightly less than 1:1 I think it was 0.94% depending on if you keep your stops at the minimum stop level - keep in mind GBP pairs have a very large ATR
Again with Patterns we very rarely see a 1:1 - usually they have an inverse risk reward but because they are so frequent and have a good win ration the inverse Risk Reward doesnt matter
Also make sure you follow your ROE, Plan your trade and Trade your plan and good luck.