GBPAUD SS Long + 72 Pip Potential
Price has retraced and is now above the 60 and 15 KS as well as the cloud. I think the retracement will continue. This is a Type 1 trade with a High probability and good RRR.
Entry = 1.7730
Stop = 1.7710
Risk = 20 pips
Profit target = 1.7802 The 60 min Senkou A
Reward = 72 Pips
RRR = 3.6 -1
** Please note the UK CPI will be released at 4:30 am est. and will directly effect this trade.
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
Entry = 1.7730
Stop = 1.7710
Risk = 20 pips
Profit target = 1.7802 The 60 min Senkou A
Reward = 72 Pips
RRR = 3.6 -1
** Please note the UK CPI will be released at 4:30 am est. and will directly effect this trade.
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
Comment:
GBP pairs wakened at the European open and although I am not canceling this trade yet. Considering price action and the fact that the UK CPI will be release in about 2 hours. I will before the London open in 30 minutes.
Order cancelled:
This trade is now 50 pips away from our entry of 1.7730, which was not reached and probably will not till after the UK CPI so I am canceling the trade at this time.