Nothing brings me more joy than getting an amazing risk:reward on a good trade, and this EUR/USD trade was just that. I mostly keep track of the 1-hour charts, but every once in a while I do check the 30-minute charts if something catches my eye. I saw this nice pin-bar with divergence sitting right on the 1.08699 area, which happens to be an established pivot zone, as the market used this level as resistance on two previous occasions. My risk on this trade was only about 17 pips (bottom on pin-bar), and my take profit level was about 65 pips away. So the risk:reward on this trade was almost 1:4, which is way more than my usual 1:2 or 1:3. The advantage of trading on the smaller time-frames is that you can get into a trade with a smaller initial risk. My usual stops are about 30-40 pips, but on this trade, it was only 17!!!
