Price is below the Daily, 60 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)
PB Entry = 1.6315
Stop = 1.6335
Risk = 20 pips
Profit target = 1.6163 ( The projected daily low)
Reward = +152 Pips
RRR = 7.6 - 1
BO Entry = 1.6254
Stop = 1.6279
Risk = 25 pips
Profit target = 91 Pips ( The projected daily low )
Reward = +91 Pips
RRR = 3.64 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
My new book, The Gold Method Ichimoku is now available.
it is a step by step detailed explanation of my methodology
followed by a day by day application of the methodology
through the month of September.
please contact me for more information at FXGold54@gmail.com
2 Potential entries (it is one or the other, not both)
PB Entry = 1.6315
Stop = 1.6335
Risk = 20 pips
Profit target = 1.6163 ( The projected daily low)
Reward = +152 Pips
RRR = 7.6 - 1
BO Entry = 1.6254
Stop = 1.6279
Risk = 25 pips
Profit target = 91 Pips ( The projected daily low )
Reward = +91 Pips
RRR = 3.64 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
My new book, The Gold Method Ichimoku is now available.
it is a step by step detailed explanation of my methodology
followed by a day by day application of the methodology
through the month of September.
please contact me for more information at FXGold54@gmail.com
評論:
Because of the UK news coming out later this am, There is no pullback trade.
取消訂單:
Going to go ahead and cancel this trade with the UK news coming out in 45 minutes