I try to catch the downtrend that is quite severe. Stop loss positioned in order to be protected from a price come back.
Take profit is equivalent to the height of the last top. Eventually the price could go back to its previous low of the year.
I'm keeping my take profit to manual. 3R is 3.82
The price is on the trend line, I try to catch the trend. Stop Loss is positioned between the closest low, it would invalidate the assumption of following the trend.
Take Profit is manual, objective is risk to reward ratio of 3
The price is on the trend line, I suppose that it will continue to climb. My stop loss is placed arbitrarily to a location where if touched it would invalidate the uptrend.
I don't place my take profit as I will take manually. I intend a risk to reward ratio of 3
