GBPUSD SS Short + 82 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 = 1.2125
Stop = 1.2145
Risk = 20 pips
Profit target = 1.2043 ( The projected daily low )
Reward = +82 Pips
RRR = 4-1
2nd Entry = 1.2084
Stop = 1.2109
Risk = 25 pips
Profit target = 1.2009
Reward = +75 PIps
RRR = 3-1
** Be aware the US NFP is scheduled for 8:30 am est. and will directly effect this trade.
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen
2 Potential entries (it is one or the other, not both)
Entry = 1.2125
Stop = 1.2145
Risk = 20 pips
Profit target = 1.2043 ( The projected daily low )
Reward = +82 Pips
RRR = 4-1
2nd Entry = 1.2084
Stop = 1.2109
Risk = 25 pips
Profit target = 1.2009
Reward = +75 PIps
RRR = 3-1
** Be aware the US NFP is scheduled for 8:30 am est. and will directly effect this trade.
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen
Comment:
GBP is a 6
Trade active:
This trade has been triggered and is now active :)
Trade closed manually:
Not getting the push down but rather the market is just meandering ahead of NFP, which is not uncommon. Going to close here for +6 pips and wait for NFP :)