EURAUD cloud Channel trade +350 pip potential
Updated
The Monthly and Daily and 60 are in an uptrend.
Need a pullback to the 60 Senkou B (or Daily Senkou B before 3 am confluence)
Entry = 1.5860
Stop = 1.5840
Risk = 20 pips
1st PT = 1.5917
Reward = 57 pips
RRR = 2.85 - 1
2nd PT = 1.6219 (the Daily Kejun Sen)
Reward = 359 pips
RRR = 18 - 1
* At the 1st PT you can either take a portion of your position off and move your stop to flat
just move your stop to flat (which is what I will do)
Need a pullback to the 60 Senkou B (or Daily Senkou B before 3 am confluence)
Entry = 1.5860
Stop = 1.5840
Risk = 20 pips
1st PT = 1.5917
Reward = 57 pips
RRR = 2.85 - 1
2nd PT = 1.6219 (the Daily Kejun Sen)
Reward = 359 pips
RRR = 18 - 1
* At the 1st PT you can either take a portion of your position off and move your stop to flat
just move your stop to flat (which is what I will do)
Note
This trade is still viable, however, the entry isnow 1.5865 as the 60 Senkou B has moved up
Order cancelled
Market bounced off the Senkou A, as opposed to penetrating down to the Senkou B, where our entry was. At this time the trade setup is invalid.
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