If this H4 candle closes bearish on the EURUSD, we will be entering a short trade with a 3 to 1 risk ratio. One of the great things about such a good risk-reward setup is that it allows you to have a lower win rate and still say wildly profitable. First profit target is at 1 risk-reward as always. Updates to follow.
A quick update to the trade, please see the Target 1 level where we will be taking 50% of our trade off our GBPJPY short swing trade. Classic trend trade and the momentum is strong to the downside.
A short signal has just triggered on GBPJPY. We are targeting a profit level of 2.21 to 1 risk-reward. Updates to follow.
Bounced of medium-term trendline and great price value, long term bullish follow-through expected well into 2015. This trade can well go on to eventually test the top daily trendline as well and beyond.
USDZAR broke the ascending triangle and is now approaching for target.