GBPAUD SS Short +117 Pip Potential
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
Entry = 1.8270
Stop = 1.8290
Risk = 20 pips
Profit target = 1.8153 ( The projected daily low )
Reward = 117
RRR = 5.85 - 1
Comment:
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:
Short is triggered at 1.8270 :)
Trade closed manually:
This pair is currently up + 5 pips but the market is flat. So I am going to close.