Price is below the Daily, 60 as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
PB Entry = 1.6315
Stop = 1.6335
Risk = 20 pips
Profit target = 1.6163 ( The projected daily low)
Reward = +152 Pips
RRR = 7.6 - 1
BO Entry = 1.6254
Stop = 1.6279
Risk = 25 pips
Profit target = 91 Pips ( The projected daily low )
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
My new book, The Gold Method Ichimoku is now available.
it is a step by step detailed explanation of my methodology
followed by a day by day application of the methodology
through the month of September.
please contact me for more information at FXGold54@gmail.com
2 Potential entries (it is one or the other, not both)
PB Entry = 1.6315
Stop = 1.6335
Risk = 20 pips
Profit target = 1.6163 ( The projected daily low)
Reward = +152 Pips
RRR = 7.6 - 1
BO Entry = 1.6254
Stop = 1.6279
Risk = 25 pips
Profit target = 91 Pips ( The projected daily low )
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
My new book, The Gold Method Ichimoku is now available.
it is a step by step detailed explanation of my methodology
followed by a day by day application of the methodology
through the month of September.
please contact me for more information at FXGold54@gmail.com
Note
Because of the UK news coming out later this am, There is no pullback trade.Order cancelled
Going to go ahead and cancel this trade with the UK news coming out in 45 minutes
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.