Here's a nice little trade setup using reaction lines and using the B-Line stochastic indicator. The RL's are all drawn automatically every time i draw a median line set and can be extended outside the upper and lower MLP's and warning lines can be added.I had watched price action all day and so far saw that price was reluctant to fall futher after the morning sell-off. Price then started to walk the line (LMLP) & will normally fall through after three returns but price repeatedly help bang on the line where there was also the dashed red support of a Reaction Line. Using the bounce of the short stoch ribbons off the long B-line where indicated i had an entry at 1.2852 with a 5 point stop but had price fallen through the LMLP i could have closed the trade instantly if i had seen a new candle open below the line and thus closed with minimal loss of say 3 ticks ( plus bid-off spread). Price then continued agonisingly to walk the line but it was clear that it was a matter of time before it broke up (or down). The exit at 1.2885 is self explanatory at the arrow point
(the arrow should be a bit to the left but i couldn't position it there on the chart for some reason so its slightly to the right) where both the ribbons and B-line were bang on the roof and price would have to come back and retrace. The point was the CL of two ML sets.
PS: I have tried to incorporate several indicators such as the B-line indicator to help entry/exits
in part because i use the Ensign 'Buffy' template and there is plenty of info available on this system which i have also used as a simple indicator in Metatrader. ( heres the same info on an Ensign 1 min chart)

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