GreenpointFX

Here is a 1:2.75 RR trade on the SPAIN 35 Index

Short
GreenpointFX Updated   
CURRENCYCOM:SP35   Spain 35
I love trades with huge risk reward ratio because if they go our way they make us forget about all the loses we have made trading. Can this one materialize? Let us wait and see.

This index, like others have been trading higher albeit behind others. It has stopped and the stochastic is overbought I just think we will see price retrace to the 50 moving average before we a price continuation.

Entry: Market at around 8342.1
Stop Loss: 8482.9
Profit: 7916.1
Trade closed manually:
In my trading I close trades that turn an inch away from my TP, this one also just did so we close at when the market opens.

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.