FX:GBPCHF   British Pound / Swiss Franc
Sell near 1.53875
My stop loss is near 113% extension of XA leg which keeps my reward to risk ratio near 1.5 when I take my first target at 38.2% of AD leg. I do not think this is close to x leg.
Trading_Accuracy Sandeep_Gupta
exactly , 127.2 is also a very strong level . keep up the good work :)
IvanLabrie PRO Sandeep_Gupta
What about a fib cluster around 1.618? (or just go by a 2-3 atr range?)
I have noticed u have been a bit unlucky with the stops on Shark Patterns . U r placing a bit close to x leg :)
Sandeep_Gupta Trading_Accuracy
Yes, you are right initially I used to keep deep stop loss with great win% but later to increase my reward to risk ratio I decreased it resulting in some lost trades.
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