Monthly and Daily Direction is Down
This is a pullback trade in a multiple time frame resistance level
The Daily Kejun Sen is 1.13580
The Daily Tenken Sen is 1.13510
Additionally the 60 cloud is very thick which provides substantial resistance
Entry = 1.1353 (the 60 min Kejun Sen)
Stop = 1.1390 (10 pips above the Senkou A)
Risk = 37 pips
PT = 1.1123 (10 pips above the Daily 1.27 ext)
Reward = 230 Pips
RRR = 6.2 - 1
This is a pullback trade in a multiple time frame resistance level
The Daily Kejun Sen is 1.13580
The Daily Tenken Sen is 1.13510
Additionally the 60 cloud is very thick which provides substantial resistance
Entry = 1.1353 (the 60 min Kejun Sen)
Stop = 1.1390 (10 pips above the Senkou A)
Risk = 37 pips
PT = 1.1123 (10 pips above the Daily 1.27 ext)
Reward = 230 Pips
RRR = 6.2 - 1
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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.
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.