The Monthly and Daily and 60 are in an uptrend. Need a pullback to the 60 Senkou B (or Daily Senkou B before 3 am confluence) Entry = 1.5860 Stop = 1.5840 Risk = 20 pips 1st PT = 1.5917 Reward = 57 pips RRR = 2.85 - 1 2nd PT = 1.6219 (the Daily Kejun Sen) Reward = 359 pips RRR = 18 - 1
* At the 1st PT you can either take a portion of your position off and move your stop to flat just move your stop to flat (which is what I will do)
Comment
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This trade is still viable, however, the entry is now 1.5865 as the 60 Senkou B has moved up
Order cancelled
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Market bounced off the Senkou A, as opposed to penetrating down to the Senkou B, where our entry was. At this time the trade setup is invalid.