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 = 134.02
Stop =133.82
Risk = 20 pips
Profit target = 135.40 ( The projected daily high )
Reward = 138 Pips
RRR = 6.9-1
2nd Entry = 134.63
Stop = 134.38
Risk = 25 pips
Profit target = 135.40 ( The projected daily high )
Reward = 77 Pips
RRR = 3.1 - 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 (it is one or the other, not both)
Entry = 134.02
Stop =133.82
Risk = 20 pips
Profit target = 135.40 ( The projected daily high )
Reward = 138 Pips
RRR = 6.9-1
2nd Entry = 134.63
Stop = 134.38
Risk = 25 pips
Profit target = 135.40 ( The projected daily high )
Reward = 77 Pips
RRR = 3.1 - 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.
Trade active
This Trade has been triggered and is now Active :)Trade closed: target reached
Although the Breakout trade did not do well. The Pullback trade hit the Profit Target for +138 Pips :)
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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.