Price is below the 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 = 1.6957
Stop =1.6977
Risk = 20 pips
Profit target = 1.6856 ( the projected daily low )
Reward = 101 Pips
RRR = 5-1
BO Entry = 1.6926
Stop = 1.6951
Risk = 25 pips
Profit target = 1.6851
Reward = 75 Pips
RRR = 3 - 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 = 1.6957
Stop =1.6977
Risk = 20 pips
Profit target = 1.6856 ( the projected daily low )
Reward = 101 Pips
RRR = 5-1
BO Entry = 1.6926
Stop = 1.6951
Risk = 25 pips
Profit target = 1.6851
Reward = 75 Pips
RRR = 3 - 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:
Based on Price action, the breakout trade is cancelled at this time
Order cancelled:
Although we actually took this trade in the room and banked +25 pips. I cancelled the BO here so we will count this as a no trade. The PB trade is also invalid at this time.