Trade plan: entered long @1.20805 with sl @1/20405(40 pips) and tp @1.21205(40 pisp).
Over the past 20 years a pattern with these B-point and C-point ratios appears 29 times on GBPUSD ,30 if the swings are identified with prex(6) algorithm. The best expectancy of 0.2936 of the Risk is acheived if the entry is placed @0.7XA(limit order), stoploss is placed @1.1XA and target is equal to risk distance. Historically average RR ratio is 1.34, the probability of win is 55.17%
Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if am to do it in future:)