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The pattern was detected by the cTrader Harmonic Pattern Recognition software and the ratios and pattern accuracy can be modified to detect non-standard pattern formations like the one below. The take profit targets were created using the Fibonacci Retracement Tool that is built into the cTrader trading platform.
Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. read Full Risk Disclosure. ClickAlgo Limited is a company registered in England and Wales with company No. 13117395.
