GBPUSD,15, Dragon pattern in play.
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 !
Kommentera:
trade activated @ 670
Kommentera:
Kommentera:
dragon inside a dragon...................!
Kommentera:
dragon 1 failed..stopped out -40 pips
dragon 2 active @660
dragon 2 active @660
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