Using the Gold Ichimoku trading strategy, we see that price is above the Daily KS, but below the 60KS and 15KS. So 3 horseman are aligned. This is a Type 1 BO trade with a High probability and good RRR . A better entry candidate was GBPCAD based on strenght and weakness, however AUD was the first pair to break out.
BO Entry = 1.9253
Stop = 1.92784
Risk = 25 pips
Profit target = 1.9191
Reward = 62 Pips
RRR = 2.5 - 1
I would appreciate if you leave a comment or like as a thank you.
Nick
BO Entry = 1.9253
Stop = 1.92784
Risk = 25 pips
Profit target = 1.9191
Reward = 62 Pips
RRR = 2.5 - 1
I would appreciate if you leave a comment or like as a thank you.
Nick
Trade active
Trade active:
This trade is now + 25 pips, I am closing 1/2 of my position and moving my stop to BE. Several pairs are showing slowing momentum.
Trade closed manually:
Well that was a rude candle! Trade closed flat. No harm no foul. The Gold Ichimoku trading strategy helped us keep this trade in profit with our closed 1/2 position. Not a bad day :)
Comment:
