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 = 136.23
Stop =136.43
Risk = 20 pips
Profit target = 135.35 ( The projected daily low )
Reward = 88 Pips
RRR = 4.5-1
2nd Entry = 135.50
Stop = 135.80
Risk = 30 pips
Profit target = 134.60
Reward = 90
RRR = 3-1
2 Potential entries (it is one or the other, not both)
Entry = 136.23
Stop =136.43
Risk = 20 pips
Profit target = 135.35 ( The projected daily low )
Reward = 88 Pips
RRR = 4.5-1
2nd Entry = 135.50
Stop = 135.80
Risk = 30 pips
Profit target = 134.60
Reward = 90
RRR = 3-1
Note
The BREAK-OUT ENTRY (135.50) on this set-up is on HOLD. The GBP pairs are showing strength, until that changes we will only look to take the pullback entry at 136.23Order cancelled
This trade was not triggered and our window is closed. Accordingly this trade is cancelled.
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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.