GBPCHF SS Short + 90 Pip Potential
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 (it is one or the other, not both)
Entry = 1.2962
Stop = 1.2982
Risk = 20 pips
Profit target = 1.2872 ( The projected daily low )
Reward = +90 Pips
RRR = 4.5-1
2nd Entry = 1.2937
Stop =1.2967
Risk = 30 pips
Profit target = 1.2872 ( The projected daily low )
Reward = 65
RRR = 2.1 -1
2 Potential entries (it is one or the other, not both)
Entry = 1.2962
Stop = 1.2982
Risk = 20 pips
Profit target = 1.2872 ( The projected daily low )
Reward = +90 Pips
RRR = 4.5-1
2nd Entry = 1.2937
Stop =1.2967
Risk = 30 pips
Profit target = 1.2872 ( The projected daily low )
Reward = 65
RRR = 2.1 -1
Trade active
This trade has been triggered and is now Active :)Trade closed manually
Although this pair broke out strong, it has lost it's momentum. I will play it safe and close it for a 5 pip gain.
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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.