GBPCAD SS Short + 123 Pip Potential
Price is below 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 (it is one or the other, not both)
Entry = 1.6968
Stop =1.6988
Risk = 20 pips
Profit target = 1.6845 ( The projected daily low )
Reward = 123 Pips
RRR =6.15 - 1
2nd Entry = 1.6937
Stop = 1.6967
Risk = 30 pips
Profit target = 1.6845 ( The projected daily )
Reward = 92 Pips
RRR = 3-1
** Be Aware that Cad employment news is scheduled for 8:30 am est.,which will directly effect this trade and US Non-Farm payroll is scheduled for the same time which will indirectly effect this trade.
2 Potential entries (it is one or the other, not both)
Entry = 1.6968
Stop =1.6988
Risk = 20 pips
Profit target = 1.6845 ( The projected daily low )
Reward = 123 Pips
RRR =6.15 - 1
2nd Entry = 1.6937
Stop = 1.6967
Risk = 30 pips
Profit target = 1.6845 ( The projected daily )
Reward = 92 Pips
RRR = 3-1
** Be Aware that Cad employment news is scheduled for 8:30 am est.,which will directly effect this trade and US Non-Farm payroll is scheduled for the same time which will indirectly effect this trade.
Trade active:
This trade has been triggered and is now Active :)
Trade closed manually:
This trade is up + 5 Pips and I am going to close for a number of reasons. 1. GBP is showing strength this am and 2. The upcoming news events mentioned i the intial post.
Have a Great weekend :)
Have a Great weekend :)