This is not my usual Ichimouko Kinko hyo trades but simply a play off the consolidation on the 60 min TF. The Monthly and Daily are sill down and this pair has been unable to retrace.
Entry = 1.6760 (Yellow line)
Stop 1.6805 (10 pips + 3 for spread, above the prior high)
Risk = 50 pips
PT = 1.6710 support
RRR = 1-1 but a high probability set-up (82%)
Entry = 1.6760 (Yellow line)
Stop 1.6805 (10 pips + 3 for spread, above the prior high)
Risk = 50 pips
PT = 1.6710 support
RRR = 1-1 but a high probability set-up (82%)
Trade active:
trade is + 27 pips, I am going to move my stop to break even and go risk free :)
Trade closed: target reached:
Sometimes it's easy :) + 50