Price is above the Daily, 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 (it is one or the other, not both)
Entry = 1.6278
Stop = 1.6258
Risk = 20 pips
Profit target = 1.6406 ( The projected daily High )
Reward = + 128 Pips
RRR = 6.4 - 1
2nd Entry = 1.6339
Stop = 1.6315
Risk = 25 pips
Profit target = 1.6415
Reward = + 75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend !
Allen
2 Potential entries (it is one or the other, not both)
Entry = 1.6278
Stop = 1.6258
Risk = 20 pips
Profit target = 1.6406 ( The projected daily High )
Reward = + 128 Pips
RRR = 6.4 - 1
2nd Entry = 1.6339
Stop = 1.6315
Risk = 25 pips
Profit target = 1.6415
Reward = + 75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend !
Allen
Trade active
This trade has been triggered and is now Active :)Trade active
this trade is up + 41 Pips, I am going to close 1/2 my position here, move my stop to flatNote
Would now be a good time to plug my New book...Trade closed: target reached
Boom :)
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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.