Price is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8880 Stop = 1.8860 Risk = 20 pips Profit target = 1.9058 ( The projected daily high ) Reward = +178 Pips RRR = 8.9 - 1 2nd Entry = 1.8950 Stop = 1.8925 Risk = 25 pips Profit target = 1.9058 ( The projected daily high ) Reward = + 108 PIps RRR = 4.32 - 1
I would appreciate if you leave a comment or like as a thank you Have a great week ! Allen
Trade closed: stop reached
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This trade triggered and hit the stop so it is closed for a loss :(
GBP crushed. I had the same setup for GBPJPY, same result. Any clue about the reason? There were no news...
AGold54
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@FabioCv, This is what I got....UK Labour’s McDonnell: Corbyn to bring opposition parties together next week to discuss tactics to stop a no-deal Brexit
FabioCv
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@AGold54, tnx. GBP seems very difficult to trade going forward if any Brexit rumor is now able to move it like an economic release.
AGold54
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@FabioCv, "Tape Bombs" are always an issue but have to trust and execute the set-ups.