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1 - Trend line breakout

2 - The closest resistance level - the last .high. of

the trend.

3 - Entry point (1 pip above point 3)

 


4 - Stop loss point (1 pip below the previous

candle)

1-2-3 patterns happen in ALL time frames. But let’s look at weekly and

monthly charts, just to prove to you that the 1-2-3 pattern is valid in these time

frames.

 

 

1-2-3 Length of chart Generally the move could last

daily chart: 2 – 8 weeks;

weekly chart: 4- 16 weeks;

monthly chart: 2 to 12 months.

 

 

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