The invention involves a holding mechanism located between and pivoting at two points, the first point at the rotor, and the second point at a location found on the primary bracket. In addition, the invention allows for the holding mechanism and the trip mechanism to be efficiently positioned on the primary bracket side of the rotor such that there are only a limited number of components remaining on the other side of the rotor, thus allowing for the rotor to be designed into a more complex shape, with a lighter weight and with a better balancing. The seizing or binding force during release of the bail wire mechanism is also reduced, since the bail wire, or other extended feature does not separate the holding and release mechanisms. In addition, the holding mechanism being pivotable between the two pivot points provides a smoother and more trip responsive fishing mechanism.