Hello Traders,
Today I have a Bat advanced pattern potential completion on the GBPUSD 1H. If this bat completes, it will technically be invalid because of an invalid risk/reward profile according to my stoploss rule. However, since this pattern is on the 1H (relatively smaller timeframe), I will allow myself to move my SL placement to a 1:1 risk/reward in order for it to become valid.
Hope this helps !
Today I have a Bat advanced pattern potential completion on the GBPUSD 1H. If this bat completes, it will technically be invalid because of an invalid risk/reward profile according to my stoploss rule. However, since this pattern is on the 1H (relatively smaller timeframe), I will allow myself to move my SL placement to a 1:1 risk/reward in order for it to become valid.
Hope this helps !