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AGold54

GBPAUD SS Short + 115 Pip Potential

Short
British Pound / Australian Dollar (OANDA:GBPAUD)  
AGold54 Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Support and Resistance Multiple Time Frame Analysis Technical Indicators ichimokukinkohyo ichimoku_trader GBPAUD GBP aud multipletimeframe
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supportandresistance mtfa indicator ichimokukinkohyo ichimoku_trader gbpaud gbp aud multipletimeframe
Price is below the Daily KS but above the 60 and 15 KS. Price is in the cloud from above. This is a Type 2 trade with a High probability and good to great RRR.
2 potential Entries
1st Entry = 1.8194 (top of Asian Box)
Stop = 1.8214
Risk = 20 pips
Profit target = 1.8079 ( The projected daily low )
Reward = 115 Pips
RRR = 5.75 - 1

2nd Potential entry =close below 1.81499 (the 60KS)
Stop =
Risk = 30 pips
Profit target = 1.8079 ( The projected daily low )
Reward =
RRR =
Trade active:
Trade got taken in at 1.8194 on better than expected news and Immediately dropped to 1.8184 + 10. Since the news was better than expected, I am moving my stop to break even
Trade closed: stop reached:
Trade closed at break even. Will consider re-entering if the resistance level holds.
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