Price is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position.
PB Entry = 1.6957
Stop =1.6977
Risk = 20 pips
Profit target = 1.6856 ( the projected daily low )
Reward = 101 Pips
RRR = 5-1
BO Entry = 1.6926
Stop = 1.6951
Risk = 25 pips
Profit target = 1.6851
Reward = 75 Pips
RRR = 3 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks
2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position.
PB Entry = 1.6957
Stop =1.6977
Risk = 20 pips
Profit target = 1.6856 ( the projected daily low )
Reward = 101 Pips
RRR = 5-1
BO Entry = 1.6926
Stop = 1.6951
Risk = 25 pips
Profit target = 1.6851
Reward = 75 Pips
RRR = 3 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks
Note
Based on Price action, the breakout trade is cancelled at this timeOrder cancelled
Although we actually took this trade in the room and banked +25 pips. I cancelled the BO here so we will count this as a no trade. The PB trade is also invalid at this time.
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.
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.