Here is our trade in m15 that goes towards the target on 50% Fibonacci, and we consequently move to accompany the trade, that is, raising the Stop Profit and also the Take Profit.
Now our Stop Profit is at 1.1222 so that we cannot afford to close in gain in the event of a pullback.
We moved the Take Profit to 61.8% to 1.1347
I left the MML H4 to see where the price could potentially bounce, you will decide whether to download some contracts, close the whole position as it was originally planned or if you will adopt any other strategy of your own.
I will stay in with all the contracts and try to carry on all positions up to at least 61.8%.
Now our Stop Profit is at 1.1222 so that we cannot afford to close in gain in the event of a pullback.
We moved the Take Profit to 61.8% to 1.1347
I left the MML H4 to see where the price could potentially bounce, you will decide whether to download some contracts, close the whole position as it was originally planned or if you will adopt any other strategy of your own.
I will stay in with all the contracts and try to carry on all positions up to at least 61.8%.
TheCyclicalTrading.com