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AGold54
Jul 19, 2019 6:06 AM

GBPAUD SS Short + 39 Pip Potential Short

GBP/AUDOANDA

Description

Price is below the Daily KS and the 15 min Cloud is Flat. There are a lot of wicks creating the top of the Asian Box, this is a sign that the market does not want to go higher. This is a Type 3 trade with a High probability and decent RRR.

Entry = 1.7757
Stop = 1.7777
Risk = 20 pips
Profit target = 1.7718 ( The 60 KS )
Reward = +39 Pips
RRR = 2-1

I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen

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