GBPCHF SS Short + 142 Pip Potential

Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.2022
Stop = 1.2042
Risk = 20 pips
Profit target = 1.1880 ( The projected daily low )
Reward = + 131 Pips
RRR = 7 -1
2nd Entry = 1.1952
Stop = 1.1977
Risk = 25 pips
Profit target = 1.1870
Reward = + 82 Pips
RRR = 3.1 - 1

I would appreciate if you leave a comment or like as a thank you

Allen

Note

correction: The Asian Box high is 1.20011 (not 1.2011). This does not effect the trade parameters at all

Note

I pushed the Pullback entry back to 1.2022 which is the Daily Kejun Sen and should provide a much stronger resistance level

Trade active

This trade has been triggered and is now Active :)

Trade closed: stop reached

Unfortunately, this trade has hit it stop :(

Trade active

the Pullback entry at 1.2022 has been triggered. this trade is now Active

Trade closed manually

This trade has reached the 15 min Senkou A. I am going to close it here at 1.1980 for +41 pips

Note

Although not Ideal, from the 2 trades we netted + 16 Pips (-25 pip loss and a +41 pip gain)

AGold54

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AGold54