GBPAUD SS Short + 92 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 good RRR.
2 Potential entries:
1st Entry = 1.8378 (top of box)
Stop = 1.8398
Risk = 20 pips
Profit target = 1.8286 ( The projected daily low )
Reward = 92 pips
RRR = 4.6 - 1
OR
2nd Entry = 1.8340
Stop = 1.8370
Risk = 30
Profit target = 1.8286 ( The projected daily low )
Reward = 56 pips
RRR = 1.86 - 1
2 Potential entries:
1st Entry = 1.8378 (top of box)
Stop = 1.8398
Risk = 20 pips
Profit target = 1.8286 ( The projected daily low )
Reward = 92 pips
RRR = 4.6 - 1
OR
2nd Entry = 1.8340
Stop = 1.8370
Risk = 30
Profit target = 1.8286 ( The projected daily low )
Reward = 56 pips
RRR = 1.86 - 1
Trade active
This trade has been triggered at 1.8378 and is now active :)Trade active
this trade is +15 however, GBP is showing strength in 4 out of 6 pairs (Aud and NZD are the only bearish pairs) so you may want to consider playing this close to the vest. I will close 1/2 my position here reducing the risk and reduce my stop to -10 So even if I get stopped out, I will be positive for the dayTrade closed: target reached
Had a nice burst down and will take this opportunity to close here at 1.8314 for +64 Pips. Makes for a very nice day and an enjoyable weekend. See everybody next week :)
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