The lower it pulls back towards the Stop Loss, the better to enter.
In other words, the scarier it looks and feels, the better.
This is a big setup/range to play. Which means the Stop Loss is quite far from taking profit so you have a big gap in between that price can swing up and down.
If you can't afford a big drawdown, it's
better not even enter the trade. Not worth it to enter with a tight SL.
In other words, the scarier it looks and feels, the better.
This is a big setup/range to play. Which means the Stop Loss is quite far from taking profit so you have a big gap in between that price can swing up and down.
If you can't afford a big drawdown, it's
better not even enter the trade. Not worth it to enter with a tight SL.
Comment:
It already hit TP earlier, but the trade is still active and valid. Same setup, same rules
Trade closed: target reached:
TP hit multiple times. Finally, this setup is finished.