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.
Trade active
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This trade has been triggered and is now Active :)
Trade closed manually
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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.