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 = 1.2405
Stop = 1.2425
Risk = 20 pips
Profit target = 1.2313 (the projected daily low )
Reward = + 92 Pips
RRR = 4.6 - 1
2nd Entry = 1.2355
Stop = 1.2380
Risk = 25 pips
Profit target = 1.2305
Reward = 75
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen