GBPAUD SS Short + 115 Pip Potential
Price is below the Daily KS but above the 60 and 15 KS. Price is in the cloud from above. This is a Type 2 trade with a High probability and good to great RRR.
2 potential Entries
1st Entry = 1.8194 (top of Asian Box)
Stop = 1.8214
Risk = 20 pips
Profit target = 1.8079 ( The projected daily low )
Reward = 115 Pips
RRR = 5.75 - 1
2nd Potential entry =close below 1.81499 (the 60KS)
Stop =
Risk = 30 pips
Profit target = 1.8079 ( The projected daily low )
Reward =
RRR =
2 potential Entries
1st Entry = 1.8194 (top of Asian Box)
Stop = 1.8214
Risk = 20 pips
Profit target = 1.8079 ( The projected daily low )
Reward = 115 Pips
RRR = 5.75 - 1
2nd Potential entry =close below 1.81499 (the 60KS)
Stop =
Risk = 30 pips
Profit target = 1.8079 ( The projected daily low )
Reward =
RRR =
Trade active
Trade got taken in at 1.8194 on better than expected news and Immediately dropped to 1.8184 + 10. Since the news was better than expected, I am moving my stop to break evenTrade closed: stop reached
Trade closed at break even. Will consider re-entering if the resistance level holds.
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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.