GBPAUD SS Long + 72 Pip Potential

Jul 17, 2019

Price has retraced and is now above the 60 and 15 KS as well as the cloud. I think the retracement will continue. This is a Type 1 trade with a High probability and good RRR.

Entry = 1.7730
Stop = 1.7710
Risk = 20 pips
Profit target = 1.7802 The 60 min Senkou A
Reward = 72 Pips
RRR = 3.6 -1

** Please note the UK CPI will be released at 4:30 am est. and will directly effect this trade.

I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen

Jul 17, 2019

Note

GBP pairs wakened at the European open and although I am not canceling this trade yet. Considering price action and the fact that the UK CPI will be release in about 2 hours. I will before the London open in 30 minutes.

Jul 17, 2019

Order cancelled

This trade is now 50 pips away from our entry of 1.7730, which was not reached and probably will not till after the UK CPI so I am canceling the trade at this time.