Price is currently only below the 15 KS. However, If the market closes below the 60 KS AFTER the 2:30 candle, price will then be below both the 60KS and the 15min Cloud creating a Type 1 trade. Type 1 trades have a High probability of success and good RRR.
Entry = Close below the 60 KS (blue line) 1.86079 AFTER the 2:30 am candle
Stop = ???
Risk = 30 pips
Profit target = 1.8490
Reward = approx 120 pips
RRR = 4-1
Entry = Close below the 60 KS (blue line) 1.86079 AFTER the 2:30 am candle
Stop = ???
Risk = 30 pips
Profit target = 1.8490
Reward = approx 120 pips
RRR = 4-1
Note
This pair is now below the cloud and an entry can be taken once the market CLOSES BELOW 1.8607Order cancelled
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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.