GBPJPY SS Short + 104 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 = 140.69 (60 KS)
Stop = 140.89
Risk = 20 pips
Profit target = 139.65 ( The projected daily low )
Reward = 104
RRR =5.2-1
2nd Entry = 140.25
Stop = 140.55
Risk = 30 pips
Profit target = 139.65 ( The projected daily low )
Reward = 60
RRR = 2-1
2 Potential entries (it is one or the other, not both)
Entry = 140.69 (60 KS)
Stop = 140.89
Risk = 20 pips
Profit target = 139.65 ( The projected daily low )
Reward = 104
RRR =5.2-1
2nd Entry = 140.25
Stop = 140.55
Risk = 30 pips
Profit target = 139.65 ( The projected daily low )
Reward = 60
RRR = 2-1
Trade active
This trade is positive +2 Pips. I am going to bank half my position and move my stop to flat. Please note the the UK CPI is scheduled in an hour and 1/2
Trade closed: target reached
Closing here 10 pips before the Profit target since it ripped down here. Someday's it's easy :)
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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.