Hedging technique coming into play in this trade with low margins. Keep both Buy stop and sell stop entries, the SL for each of these will be the opposites ones entry point for ex...
The buy Stop trade based on a MMBM/ bullish market would be:
BUY STOP ENTRY - 38384
TP 1 - 38449
TP 2 - 38498.3
TP 3 - 38594.6
TP 4 - 38614.7
SL - 38329
The Sell Stop trade based on a MMSM / Bearish market would be:
TP 1 - 38283
TP 2 - 38180
TP 3 - 38136
SL - 38384
This is just my idea based off of my analysis
The buy Stop trade based on a MMBM/ bullish market would be:
BUY STOP ENTRY - 38384
TP 1 - 38449
TP 2 - 38498.3
TP 3 - 38594.6
TP 4 - 38614.7
SL - 38329
The Sell Stop trade based on a MMSM / Bearish market would be:
TP 1 - 38283
TP 2 - 38180
TP 3 - 38136
SL - 38384
This is just my idea based off of my analysis