Buy to Sell Potential for 200Pips+
From the initial idea, waiting for price to break and close below 154.30 has been satisfied. Now, we'll look to sell. Sell entry @154.81.
Since price is currently about 60 pips away from our sell position, a buy-to-sell could be feasible here. So, I'll be looking at price coming down to 154.20, from where I'll buy up to our sell position. This should give about 1:3 R
.
Then, we'll have a Sell Limit Order @154.81 to target 153.55 for a minimum R
of 1:3.5.
Since price is currently about 60 pips away from our sell position, a buy-to-sell could be feasible here. So, I'll be looking at price coming down to 154.20, from where I'll buy up to our sell position. This should give about 1:3 R
.
Then, we'll have a Sell Limit Order @154.81 to target 153.55 for a minimum R
of 1:3.5.
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