If this H4 candle closes bearish on the EURUSD, we will be entering a short trade with a 3 to 1 risk ratio.
One of the great things about such a good risk-reward setup is that it allows you to have a lower win rate and still say wildly profitable.
First profit target is at 1 risk-reward as always. Updates to follow.
One of the great things about such a good risk-reward setup is that it allows you to have a lower win rate and still say wildly profitable.
First profit target is at 1 risk-reward as always. Updates to follow.
Note
Short EURUSD entered.Trade active
Trade closed manually
Closed trade before the market closes for the weekend with a small loss. Rather get out than risk a big adverse move on Sunday open.Nothing wrong with this trade, it just didn't get moving the way I would have liked to seen. Always play it safe to live to trade another day.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.