GBPAUD SS Short +117 Pip Potential
Price is below the Daily,and 60 KS. This is a Type 2 trade with a High probability and Great RRR.
Entry = 1.8270
Stop = 1.8290
Risk = 20 pips
Profit target = 1.8153 ( The projected daily low )
Reward = 117
RRR = 5.85 - 1
Entry = 1.8270
Stop = 1.8290
Risk = 20 pips
Profit target = 1.8153 ( The projected daily low )
Reward = 117
RRR = 5.85 - 1
Note
if the market goes down before triggering us in, we can take the breakout entry with a CLOSE, not a crossing below the Asian box low of 1.82404. This entry has a lower probability of success (72%) and also a reduced RRR. But the option is there.Trade active
Short is triggered at 1.8270 :)Trade closed manually
This pair is currently up + 5 pips but the market is flat. So I am going to close.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.