Type
Live
Date
May 6, 2021
Pair
#xauusd
TP1
5.8
TP2
Concepts
#3_Drive#fib_extension
TRADE RESULT
BIAS & PAZ / SETUP
NOTES
A classic, textbook #3_drive pattern. This formed on the 15min timeframe and we didn't drop down to a LTF to look for entry pattern. It was executed as a #set_forget trade, executing on the 1.27 extension (same distance as wave 2) with a stop just above the 161. This trade was risky, but yielded an excellent 5.8R return.