GBPAUD SS Short + 105 pip Potential
Updated
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and great RRR.
2 Potential entries:
1st Entry = 1.8413 (2 pips below the Daily KS)
Stop = 1.8433
Risk = 20 pips
Profit target = 1.8308( The projected daily low )
Reward = 105 pips
RRR = 5-1
2nd Entry = 1.8371 (8 pips below the Asian low)
Stop = 1.9401
Risk = 30 pips
Profit target = 1.8308 ( The projected daily low )
Reward = 63 pips
RRR = 2-1
2 Potential entries:
1st Entry = 1.8413 (2 pips below the Daily KS)
Stop = 1.8433
Risk = 20 pips
Profit target = 1.8308( The projected daily low )
Reward = 105 pips
RRR = 5-1
2nd Entry = 1.8371 (8 pips below the Asian low)
Stop = 1.9401
Risk = 30 pips
Profit target = 1.8308 ( The projected daily low )
Reward = 63 pips
RRR = 2-1
Trade active
This trade is now Active with an entry at 1.8413Trade active
This trade is now +25 pips and approaching the Asian low at 1.8380, which may act as support. Although, I do expect the pair to break through and continue down. You may want to consider banking some profits. Although we have a near perfect entry, 1.8413 with a high of 1.8416, I do not think moving the stop to breakeven is prudent as it may retest the daily KS.Trade active
The pair did breakout as expected. however it has retraced back into the Asian box. I have booked profit on 1/2 my position and have moved my stop to flat. :)Trade closed manually
Booked + 30 pips profit on 1/2 position and balance closed at breakeven. Even though it broke out it pulled back into the range.
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