This is A Pattern i Spot Myself And I named it 2-113 Pattern Every time it makes a false break out and just touched 1.13 ext C is 1.13 BA D is 1.13 CB
With the Trend line Retest and RSI Over Bought I will open a short position at 1.5160, SL 1.5207 Target 1.4880 and 1.45
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in money already. nice reversal
Trade closed: stop reached
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Stopped at 1.5205,now it is 1.5305, If never stop, we could have lost more than 100 pips
Comments
Hiisham
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I totally Agree
FullTimeTrader
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Nice pattern, you could patent it, my bias is also strongly bearish here. Regards.
HermannHesse
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I agree with you, but i'm waiting a cypher pattern little above.
BloomDavies
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this was a beautiful trade if the stop was wider... I'm currently going through the last 2/3 months of your trades...its seems like the stop is often hit and then some and then it goes in your favor and hits your take profit !
tntsunrise
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Yes. You are right.
whisally
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GBPCHF is not going south cause GBP is way too strong...... so is this trade still valid ?