Price is above the Daily, 60 and 15 KS as well as the cloud. So all 4 horseman are aligned. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 2.0319
Stop = 2.0294
Risk = 25 pips
Profit target = 2.0399
Reward = 80 Pips
RRR = 3.2 - 1
The Strength & weakness analysis shows GBP - 1 and NZD - 4. The other GBP pairs have either moved too far or...
Using the Gold Ichimoku trading strategy, we see that price is above the Daily KS, but below the 60KS and 15KS. So 3 horseman are aligned. This is a Type 1 BO trade with a High probability and good RRR . A better entry candidate was GBPCAD based on strenght and weakness, however AUD was the first pair to break out.
BO Entry = 1.9253
Stop = 1.92784
Risk = 25...
