This particular pattern comes in at a very nice level of structure (looking left) where price consolidated in the past before a markdown. This doesn't mean that the level will hold again, we never know in trading, but it does show that the market has respected this level in the past, and as a pattern trader all you should be looking for is a brief pull back.
Good luck for anyone getting involved in this one.
Chief Currency Analyst at http://www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
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i've just watched the training for the 2618 trading system.
enjoyed it :D
Now my question for this chart/trade:
if the price hits 1.22745. should we wait to see a double top? and we have to wait until the price drops to below the higher low . then look at whether the 0618 is coming or not ? sorry for my bad english... :( lets explain it into a chart :P