GBPAUD SS Short +157 Pip Potential
Price is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position.
PB Entry = 1.8742
Stop =1.8762
Risk = 20 pips
Profit target = 1.8585 ( The daily KS )
Reward = 157 Pips
RRR = 7.85-1
BO Entry = 1.8676
Stop = 1.8701
Risk = 25 pips
Profit target = 1.8585 ( The daily KS )
Reward = 91 Pips
RRR = 3.64 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks.
2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position.
PB Entry = 1.8742
Stop =1.8762
Risk = 20 pips
Profit target = 1.8585 ( The daily KS )
Reward = 157 Pips
RRR = 7.85-1
BO Entry = 1.8676
Stop = 1.8701
Risk = 25 pips
Profit target = 1.8585 ( The daily KS )
Reward = 91 Pips
RRR = 3.64 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks.
Comment:
Quick correction, Price is above the daily KS but below the 60 and 15 KS as well as the cloud
Trade closed: stop reached:
This trade was triggered and hot the Stop loss, The Pullback trade is still viable. However, the pullback level would be the 60 KS, which by the time price gets there will be outside the cloud, which makes it invalid.
Comment:
Correction and clarification: If the Bo trade is triggered first and is unscuccesful as here, The pullback trade is still viable. However, here since the the 60 KS is outside of the cloud this particular PB is not viable/is invalid.