Lucky EUR/USD Trade

Here is a nice example of a counter-trend pin-bar trade. The stop on this trade was just above the high of that long pin-bar formation (orange arrow). The take-profit for this trade was set near the 1.1178 area, as I considered this zone important. The 1.1178 was used as support and resistance and I figured this is where it might be a good idea to exit. The risk on this trade was roughly 60 pips, and the reward was approximately 105 pips. I usually like to maintain a 1:2 risk-reward ratio, but sometimes I can't do that if there are important technical levels in the way - as was the case for this trade. I kinda got lucky on this one as I got filled at the bottom of that big spike lower, but even if I didn't get filled there - the market did eventually come back down again.

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