According my analysis i got entry for USDCHF LONG.
Usually i split position in 2 parts and when first TP is hit, i change SL for second position to break-even.
SL and TP #1 you can see on chart.
About second TP - it's not fixed. I do separate analysis about exit point.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Usually i split position in 2 parts and when first TP is hit, i change SL for second position to break-even.
SL and TP #1 you can see on chart.
About second TP - it's not fixed. I do separate analysis about exit point.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Trade active:
Price hit first target. So i have closed 50% of my trade.
For 2.part i changed SL to break-even price. If price goes more up, i will use some trailing stop loss.
This second part also has not TP level. I will follow my trade exit strategy.
For 2.part i changed SL to break-even price. If price goes more up, i will use some trailing stop loss.
This second part also has not TP level. I will follow my trade exit strategy.