Target 2 700 pips
These are big targets but this is because this is a swing trade so will be held over days/ weeks even months sometimes, I prefer these types of trades as the rewards are bigger and you don't have to keep checking the trade every hour or every day and you can just get on with your everyday life.
Now the reason I think this is setting up for a swing trade and movement is because price is currently sitting at vey well respected weekly and daily support that has produced big runs previously once price has hit it, so we will be looking at the same happening again.
I will be keeping an extremely tight SL on this trade just in case this level doesn't hold with the amount of pressure behind price this week, so if SL is hit I wont be loosing much at all, probably 1% of my account, but on the other hand if price does as I think the rewards are MASSIVE.
If you need help trading just inbox me.