Follow Up

As a little follow-up to this post, the break of the upside gave a maximum of 115 pips. Given that the short breakout lost, only a small profit would have been made but I would hazard a few more pips would have been available by using the horizontal line as support as it had previously acted as resistance. You can see a clear bounce on the picture beneath for around 30-40 pips.

I’ll keep my eye on any further patterns that I like and continue to make notes for future reference.

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