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Dansa_Inc
Dec 26, 2018 10:16 PM

Confluence on Multiple TF Long

GoldOANDA

Description

What happen when Sl is Hit?
Price continue in same dir.

Comment

Already in Profit so the Risk Tolerance will depend on how the price reaches the D leg of this Harmonic Pattern. if it reaches there quickly with minor seller's interest, i do not manage trade, cause the probability of the pattern failing will be more that 50%, but if it take longer to get there then i'll turn trade to risk free.
Moreso, we are in the overall flow so, the odds in our favour.

Let's observe.

Trade closed: target reached

1:1 Good
2:1 Coming

Trade closed: target reached

2:1 Hit.
Risk Free.
Wait to close all position at Golden Ratio.

Trade closed: target reached

All position closed
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