GBPJPY SS Short + 83 PIp Potential

14 giu 2019

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.
Entry = 137.43
Stop = 137.63
Risk = 20 pips
Profit target = 136.60 ( The Daily Support level )
Reward = 83 Pips
RRR = 4-1

14 giu 2019

Nota

Just a quick educational point. review of the Chart had this pair a bit extended, which is why I did not take the Breakout trade (which would be up roughly +10 pips).
Moreover, BOE Gov, Carney is scheduled to speak at 8:55 am est. and the GBP pairs may just consolidate till then

14 giu 2019

Ordine annullato

This pair is roughly 40 pips from our entry and with BOE Gov. Carney scheduled to speak in about 4 hours, it is highly unlikely that this market will pullback, trigger our trade and then move another 40 or so pips back down, before then. Therefore, this trade is cancelled.