Price is above the Daily, 60 and 15 KS as well as the cloud (the 4 Horseman). 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 = 1.9384
Stop =1.9364
Risk = 20 pips
Profit target = 1.9568 ( The daily projected high )
Reward = 184 Pips
RRR = 9.2-1
BO Entry = 1.9499
Stop = 1.9474
Risk = 25 pips
Profit target = 1.9574
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
This trade was analyzed and discussed in my trade room