Every day I try to find securities whose R:R are favourable or which are unexpectable good. There are few on a daily basis to crack down as the market is huge as well as there is smart money coming in the market and influence in today's market is on another level.

The currency pair has the favourable R:R at this level and we might see Rewards on a high side as well.
But as it is said, don't expect much from the market, the market can take everything from you.

The Currency pair has taken support at lower levels (marked as blue in the chart) which is a strong support if we look back as well.

This is a pure MA strategy which we are going forward with, the currency pair has recently closed above 200 EMA and is above 50 EMA as well.

It has been observed that 200 EMA is getting flatten and 50 EMA is starting to move upside suggesting that it might crossover.
50 EMA crossing 200 EMA is a golden ratio in MA.

If the currency closes above 200 EMA we can find the currency pair move up to its resistance (marked as red on the chart).

Till the time if we see a crossover of 50 EMA then the trader can trail the SL.

I believe this is a dinner which shouldn't be missed.

Risk is 1% return is more than 2%.
For losing it's really a small amount but to win it can give you a good amount.

RSI moving in an upper channel breakout in the upper direction can lead to an extra confirmation.

MACD crossover at lower level and above 0 is indicating strength.

Strong trading above the ichimoku cloud as well.

Risk Reward Favorable .

Jul 14 2021

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