Looking to target price area 1.284
- Enter on reversal pattern
- Do not enter on break through of buy area with strong momentum
100+ PIPS BANKED
When in 30-50 PIPS profit, SL is moved to BE to protect trade and ride risk free to target area 2 if price is showing strong momentum in your favour.
However SL is also moved to BE when in 20 PIPS profit or trade completely closed in 20 PIPS profit if price shows loss of momentum or reversal etc
Depending on market conditions, trade can be either fully closed when reaching TP AREAS or simply close between 50%-75% to secure profit & margin and move SL to BE to ride risk free to TP AREA 2.
However SL is managed according to what suits an individuals risk management.
Hope that helps.