This is not my usual Ichimouko Kinko hyo trades but simply a play off the consolidation on the 60 min TF. The Monthly and Daily are sill down and this pair has been unable to retrace.
Entry = 1.6760 (Yellow line)
Stop 1.6805 (10 pips + 3 for spread, above the prior high)
Risk = 50 pips
PT = 1.6710 support
RRR = 1-1 but a high probability set-up (82%)
Entry = 1.6760 (Yellow line)
Stop 1.6805 (10 pips + 3 for spread, above the prior high)
Risk = 50 pips
PT = 1.6710 support
RRR = 1-1 but a high probability set-up (82%)
Trade active
trade is + 27 pips, I am going to move my stop to break even and go risk free :)Trade closed: target reached
Sometimes it's easy :) + 50
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.