RISK MANAGEMENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We can see our support zone ( red box ) has been respected before and price may find resistance at this level again, We are then expecting a bounce and move to the upside of about 100pips to our resistance zone where we will have our TP.
All the trades we take we place 2 of the same trades with the same SL in place, we will then set 1 trade with a 30ish pip TP and 1 with a 100ish pip TP, sometimes if a trade is developing nice we will leave the TP off and keep an eye on it. We also move our SL into profit where possible to lock in some of that profit, this avoids losses.... RISK MANAGEMENT is key!!!!!
All the trades we take we place 2 of the same trades with the same SL in place, we will then set 1 trade with a 30ish pip TP and 1 with a 100ish pip TP, sometimes if a trade is developing nice we will leave the TP off and keep an eye on it. We also move our SL into profit where possible to lock in some of that profit, this avoids losses.... RISK MANAGEMENT is key!!!!!