GBPAUD 60 Min Cloud Breakout
Updated
Monthly and Daily Direction is Bearish
Have all the requirements for a Cloud breakout:
1. Have A cloud breakout
2. Have a TK cross
3. The Chikou is below price
4. Have a Kumo twist
** increasing this trades probability is the thick cloud and flat Senkou B
** of concern is the up Trend Line
Entry = 1.7664 (8 pips below the breakout candle)
Stop = 1.7550 (10 pips +2, for spread,above the Senkou A)
Risk = 86 pips
PT = 1.7206 (10 pips above the 1.618 fib extension)
Have all the requirements for a Cloud breakout:
1. Have A cloud breakout
2. Have a TK cross
3. The Chikou is below price
4. Have a Kumo twist
** increasing this trades probability is the thick cloud and flat Senkou B
** of concern is the up Trend Line
Entry = 1.7664 (8 pips below the breakout candle)
Stop = 1.7550 (10 pips +2, for spread,above the Senkou A)
Risk = 86 pips
PT = 1.7206 (10 pips above the 1.618 fib extension)
Trade active
This trade has been triggered and is now Active :)Trade active
unfortunately the up trend line held and the market bounced back up and we are right at the Senkou A which is the last level of Resistance but a strong one, especially since the cloud was fairly thickTrade closed: stop reached
trade hit the Stop at 4:32 pm est, I am not a fan of late day trade intervention but will take the loss and move on to the next :)
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