Price is above 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 (it is one or the other, not both)
Entry = 1.6278
Stop = 1.6258
Risk = 20 pips
Profit target = 1.6406 ( The projected daily High )
Reward = + 128 Pips
RRR = 6.4 - 1
2nd Entry = 1.6339
Stop = 1.6315
Risk = 25 pips
Profit target = 1.6415
Reward = + 75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend !
Allen