1-2-3 UPTREND

This works best as a reversal pattern so identify a previous downtrend

Wait for the MACD to signal a buy and for the 1-2-3 set up to be in place.

As the market pulls back to point 3, the MACD should remain in buy mode or just slightly dip into sell.

Place a buy entry order 1 pip above point 2

Place a stop loss order 1 pip below point 3

Measure the distance between point 2 and 3 and project that forward for your exit.

Example
 

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