Gooood morning from very dark Limassol! (because its 04:00 am!)
I am releasing this quick post to give you information of a pretty cool trade idea I took a few mins ago on EURUSD.
The trade idea has a very nice risk/reward ratio and it looks as if there might not be much to stop it from reaching it's target. - Hopefully....
Based on my starting balance ($1,000) I took a 4% risk on this trade and I am shooting for a reward of 15.3%) so the risk/reward is decent.
The reason I am buying this pair is because 1. we have a decent support level (check October 3,4 and 8) and we have the 30% reversal tool which lines up well with the support level and where price action is right now.
My SL is at 1.14454 and my TP 1.15422.
Not much more to say than HAVE A FANTASTIC PIP MAKING DAY!