@ranksama, He indicates that in a perfect world the perfect TP would be 1.54. Unfortunately we do not live in a perfect world. Hence try to define your own TP 1-3 and before entering into a trade try to define your SL. If you have not done so far, do not JUST trade - try to read as many trades of well established traders as possible and try to understand the different trading styles of the different traders. Drive save!
@ranksama, I always set tp and sl based on structure levels (using median line analysis). In this trade I trully believe that price will reach the sliding parallel as shown in the chart (arrow). A nice strategy is to move your stops when in good profit. Place them in breakeven, and sit back for a risk free trade. You either make money, or lose nothing.
ranksama
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@Fxprotrader, thank you so much for helping me and showing me this pattern :). Right now I'm sitting at 500$ green thanks to you :))))))