Another trade on my watch-list and my favorite. This is one trade with small risk and huge potential reward, a possible 1:5 risk reward ratio. This pair is in a falling wedge on the higher time frame, and my entry will be this potential bearish butterfly that completes at 154.417, that's where my Sell Limit will be. Stop-loss just outside the wedge and TP at 148.797.
Good shot, but I will love to say that the entry could be from here while below 153.80 target the 151.75 and see where it will go from there, Stop loss can be above 154.00
KatlehoMaleka
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@Jack_Brown, Thanks bro. Yeah, you're right, one could enter from here already. but then the stop loss would have to be above 154.500 at least. But, I think I will wait for it to reach 154.417, if it does.