Price is below the Daily and the 15 KS as well as the cloud, but above the 60 KS. This is a Type 2 trade with a High probability and good RRR .
Entry = enter short on a CLOSE, not a penetration, below the 60 KS at 1.25932
Stop = approx 1.2610
Risk = 20 pips
Profit target = 1.2530 ( The projected daily low )
Reward = 60 Pips RRR = 3-1
This trade has been triggered and is now active :)
FYI on my brokers platform this pair closed at 1.2590, where I entered, while here it closed at 1.2593...above the trigger. I will update this trade as if triggered here as well.
Ok this trade has been triggered here as well, at the same price
Stop = 1.2617
PT = 1.2530
Trade closed: stop reached:
unfortunately this one did not work out :(