Here is another live quick and cheeky trade in Eur/Usd. The reason I call it cheeky is because the opportunity is there the r/r is good and the price pattern is conducive.
I have just sold 50000 Eur/Usd at 1.2153 with a stop at 1.2165 - so I am looking for a risk of no mor than 0.0012. My objective as per the previous trade is 1.2060 so am looking for a reward of 0.0093 ie. a r/r ratio of 1:7.75.
This is an interesting r/r warrenting a trade.
My stop-loss in the market is 1.2165 GTC.
I will cover the entire trade (50000) at 1.2060.
Regards
Nautilus
I have just sold 50000 Eur/Usd at 1.2153 with a stop at 1.2165 - so I am looking for a risk of no mor than 0.0012. My objective as per the previous trade is 1.2060 so am looking for a reward of 0.0093 ie. a r/r ratio of 1:7.75.
This is an interesting r/r warrenting a trade.
My stop-loss in the market is 1.2165 GTC.
I will cover the entire trade (50000) at 1.2060.
Regards
Nautilus