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