Its the end of the week, but I want to test this strategy.
Fundamentals - Trade has been in a weekly downtrend. It is below the Cloud on a 90 Min Chart and had an ORB (4) Sell Signal.
67457 looks like a key interest point on the daily which was the last time it touched the target.
Were Setting up at 14.4 Stop loss with a target of 21.0 Pips from this signal giving a RR of 1:1.44 (Close Enough)
News will be out in 2 days, but I dont expect this move to happen in 1 day. Risk would be the news taking us out on this trade.
Fundamentals - Trade has been in a weekly downtrend. It is below the Cloud on a 90 Min Chart and had an ORB (4) Sell Signal.
67457 looks like a key interest point on the daily which was the last time it touched the target.
Were Setting up at 14.4 Stop loss with a target of 21.0 Pips from this signal giving a RR of 1:1.44 (Close Enough)
News will be out in 2 days, but I dont expect this move to happen in 1 day. Risk would be the news taking us out on this trade.
Jesse Allen