GBPAUD SS Short + 105 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 great RRR.
2 Potential entries:

1st Entry = 1.8413 (2 pips below the Daily KS)
Stop = 1.8433
Risk = 20 pips
Profit target = 1.8308( The projected daily low )
Reward = 105 pips
RRR = 5-1

2nd Entry = 1.8371 (8 pips below the Asian low)
Stop = 1.9401
Risk = 30 pips
Profit target = 1.8308 ( The projected daily low )
Reward = 63 pips
RRR = 2-1

Trade attivo:

This trade is now Active with an entry at 1.8413

Trade attivo:

This trade is now +25 pips and approaching the Asian low at 1.8380, which may act as support. Although, I do expect the pair to break through and continue down. You may want to consider banking some profits. Although we have a near perfect entry, 1.8413 with a high of 1.8416, I do not think moving the stop to breakeven is prudent as it may retest the daily KS.

Trade attivo:

The pair did breakout as expected. however it has retraced back into the Asian box. I have booked profit on 1/2 my position and have moved my stop to flat. :)

Trade chiuso manualmente:

Booked + 30 pips profit on 1/2 position and balance closed at breakeven. Even though it broke out it pulled back into the range.