Hello dear traders.
The Bucket and Rails patterns were formed on the EUR/USD pair in the 30-minute time frame. It is recommended to open long positions with a stop order at the 1.3470 level (5 pips below the low) and take profit, at 1.3542 (161.8% Fibonacci extension).
The signal has the following disadvantages:
- trading against the trend in the 4-hour time frame;
- short-term entry in the direction opposite to the forecasts for higher time frames (D1 & W1);
Taking into account these disadvantages, the risk was cut to 0.5%.