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kopparam

GBPUSD,15, Dragon pattern in play.

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
kopparam Updated   
FX:GBPUSD   British Pound / U.S. Dollar
5
0

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

Good luck !
Comment:
trade activated @ 670
Comment:
Comment:
dragon inside a dragon...................!
Comment:
dragon 1 failed..stopped out -40 pips
dragon 2 active @660
Comment:
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