The EUR/USD is traded at the support level of November and the pull back is more likely by the second. Cautious is advised and locating the S.L 1.1550(below previous low) T.P = Trailing stop 20 pips.
Fair to say that in this situation we can adjust to changing market conditions...
I would think that at this point(1 trade closed in T.P and second trade is close to opening price) - safe to close the trade and evaluate the situation from the start.
Still trade finished in an overall profit of 20 pips net.
Closing the trade and waiting for a better option.
TradeProperly
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Second trade(reinforcement) - just closed at T.P
TradeProperly
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Reinforcement of the position is a high risk - but one that I am taking as of now and extending my S.L to 1.1500
T.P is still trailing stop of 20 pips for the first trade and 25 for the second trade.
I would think that at this point(1 trade closed in T.P and second trade is close to opening price) - safe to close the trade and evaluate the situation from the start.
Still trade finished in an overall profit of 20 pips net.
Closing the trade and waiting for a better option.