FX:AUDUSD Australian Dollar/U.S. Dollar
because i am doing a long play on daily charts, stop goes 10 pips below point X - so in this case 0.8880 - thats approx 180 pips - my 1st target at 9280s making 200 pips - you say risk:reward approx 1:1 not good, but second target 9460s (another 200 pips) - dont know if you have research into advanced pattern trading or not - but works 60-80% of the time which I believe is worth the risk
Important thing to notice is that on this AU chart, price been rising and falling between these levels for 5 days now. I exited my 100 pips profit yesterday, and then re-entered at lows last night as sentiment towards it rising same. so even if it doesnt hit my target, i already made 250-300 pips.