GBPCAD SS Short + 101 PIps

OANDA:GBPCAD   British Pound / Canadian Dollar
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!!
** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks
Nov 05
Comment: Based on Price action, the breakout trade is cancelled at this time
Nov 05
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.
Don't stop!
+1 Reply
AGold54 Yuriy_Bishko
@Yuriy_Bishko, never going to happen :)
I took this trade (albeit probably a little prematurely) and got 32 pips out of it. Account increase today of 1.14%.
+2 Reply
AGold54 AmandaF
@AmandaF, Yes we took the trade in the room as well, Awesome for you :)
Cancelled because RRR shrank too much due to that last push down in the Asian session?
+1 Reply
AGold54 devonoved
@devonoved, Not a bad decision and certainly great in the terms of a complete analysis Devon, there are plenty of trades :)
@AGold54, Actually I took this trade as well. Marginal RRR but decent correlation on the push down, closed +23 pips.
+1 Reply
AGold54 devonoved
@devonoved, we took this trade as well and everybody made $$$
@AGold54, What did the RRR reduce to?
+1 Reply
AGold54 PaulBergin
@PaulBergin, I have it in the trade parameters above. But again I had the projection down to 1.6856 (+70 pips) which I am ok with on Breakout trades as they generally run further. so easy to add 5 pips to the projection
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