GBP has been weak for several days and CHF Strong. this pair has now formed a triple bottom with compression at 1.3099. Although the cloud remains thick, it is flattening. There is a high probability that this pair can explode up to The Daily Senkou A at 1.3109 (the Green line)
Entry = 1.30115 (accouting for spread)
Stop =1.29915
Risk = 20 pips
Profit target = 1.3109 ( The Daily Senkou A )
Reward = 98
RRR = 4.9 -1
Entry = 1.30115 (accouting for spread)
Stop =1.29915
Risk = 20 pips
Profit target = 1.3109 ( The Daily Senkou A )
Reward = 98
RRR = 4.9 -1
Trade active
This trade has been triggered and is now ActiveTrade active
The market ripped trough our entry, breaking support. If the opportunity to get out flat presents itself, take itTrade closed: stop reached
Unfortunately, this one did not work out.
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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.