kopparam
Long

gbpusd,Dragon pattern............... buy breakout of trendline

FX:GBPUSD   British Pound/U.S. Dollar
335 0 8
11 months ago

Anatomy of a Dragon Pattern
A. Head of the Dragon
B. Formation of first leg
C. Hump (must be 0.38 to 0.5 of AB)
D. Second leg (can be 0.618 to 1.27 of
AB)
E. Trend line breakout (Long Trigger)
F. First target at 1.27 of CD
G. Second target at 0.886 to 1.0 of AB
H. Third target at 1.38 of AB
I. STOP: Place a stop few ticks below
the lowest low of two legs
11 months ago
Comment: pattern no longer valid ...its has breached the lows
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