So then why post this? Couple of reason:
1. Currently, we are in an uptrend. (Could be just the beginning of a much larger uptrend.) So this is a trend-following pattern.
2. There is a larger waiting to be completed and prices are near to completion on that . This small would give a good entry point to get long or add longs to this larger CD leg completion.
3. There is also a large on the Daily TF. Prices are currently working on the CD leg of this large that could potentially be forming.
Year-to-date Profits: +5,794 pips.
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