EURUSD Long
Unified Pattern Completed. Wait for entry reason now the D point has completed. Stops will be ATR based once the entry reason is confirmed. Profit targets are the .382 & .618 C-D leg with fibs re-stretched if price moves lower.
Results based on my backtesting (2005 - 2018):
Average Win Rate - 73% to .382 targets & 65% to .618 targets
Average R:R - 1.36
Average Profit Factor - 3.05
Average Recovery Factor - 9.14
Results based on my backtesting (2005 - 2018):
Average Win Rate - 73% to .382 targets & 65% to .618 targets
Average R:R - 1.36
Average Profit Factor - 3.05
Average Recovery Factor - 9.14
Trade active
Note
Trade closed: target reached
1st target hitTrade closed: stop reached
Break even
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.