Price is below the Daily,and 60 KS. This is a Type 2 trade with a High probability and Great RRR. Entry = 1.8270 Stop = 1.8290 Risk = 20 pips Profit target = 1.8153 ( The projected daily low ) Reward = 117 RRR = 5.85 - 1
Comment
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if the market goes down before triggering us in, we can take the breakout entry with a CLOSE, not a crossing below the Asian box low of 1.82404. This entry has a lower probability of success (72%) and also a reduced RRR. But the option is there.
Trade active
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Short is triggered at 1.8270 :)
Trade closed manually
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This pair is currently up + 5 pips but the market is flat. So I am going to close.