I guess this would not be considered low risk after all.. it has huge downside potential.. The drawdown would blow your account if you trade with leverage.
Maybe something like the high trade expectancy theory describes this much better then your comment does.
@MikulovicFOREX, Well, actually. If you noticed any kind of structure value to price action, this trade hit a significant support range. Also, this was more than 40 pips in profit allowing for stops to accessed at break even eliminating the entirety of all of the risk. So, you're completely wrong. Thanks for your educated input though!
@Daikoku, sure the structure was there and all, I would personally just want a more confirmation before I would be safe to enter any trade. After all I don't want to lose my capital.
All im saying Is the downside risk here is absolutely unbelievable, I would just have no chance to trade it with that kind of stop.
Im happy to hear that you made some profit afterall
@MikulovicFOREX, More confirmation than a broken support with a bearish engulfing following the double top rejection? There's literally no lower risk than the culmination of those confluences. Also, if a 64 pip stop on a 4:1 trade loses all your capital or even puts a dent in your capital with or without leverage then you need to do a little research on risk management. ;)