This is one of the strategies I trade via OTTrades. My software has entered long at the price shown on the chart. If it moves against us and stops us out then so be it, there might be another couple of opportunities where the software will re-enter at a lower price, unless otherwise invalidated (I'll update this thread accordingly).
Ultimately, I'm expecting to...
I have entered short at the price shown based on a sell stop order opened by OTSoftware, my automated trading software. This order was placed based on the completion of a specific pattern that I have backtested showing 63.57% win rate at 1:1 RR (adjusted for spreads at the time the order was placed).
I have taken this trade based on a custom pattern identified by my pattern recognition software (OTSoftware). Yes I'm aware this is at a subjective support level. No I don't care because I trust in my plan and know it works.
65.5% win rate based on my backtesting results
1:1 RR (adjusted for spread)