I have adapted my strategy slightly here.
This time my stop order is only 5 pips below my opening candlestick. My target is still rather conservative at 1%, but this will allow me to accumulate trades later and increase the overall profit from this original trade.
Target =1561.1
Entry =1551.8
Stop order = 1539.3
This time my stop order is only 5 pips below my opening candlestick. My target is still rather conservative at 1%, but this will allow me to accumulate trades later and increase the overall profit from this original trade.
Target =1561.1
Entry =1551.8
Stop order = 1539.3