Looking at hourly chart of EURUSD, it looks more like a pullback to me. To catch a better risk-to-reward, I have a more conservative buy limit order. You can not find 1:4 risk to reward ratio setup all the time. My winning probability is less than 35%. However, risking very low amount of my capital makes me feel comfortable.
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Disclaimer: This is not a financial or investment advice
Trade safe,
Atilla
Remember to follow me on TradingView platform.
Disclaimer: This is not a financial or investment advice
Trade safe,
Atilla
Note
I have not entered this trade as my limit order not executed.Order cancelled
Price rallied before hitting my limit order
I know Kung-Fu!
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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.
I know Kung-Fu!
Related publications
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.