The video explains two different scenarios, one for buy and another for sell. Watch entire video to find out entry, SL & TP points and also to find when to set SL to BE.
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Buy trade was entered in previous hour as GBP met the criteria illustrated for buy position in the analysis. SL & TP has been set as per the buy scenario.
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Moved SL to BE.
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We had removed SL from BE and had set it to original SL during Thanksgiving days just like we did in USD/CHF & USD/JPY, which saved the trade from being stopped out. Tt came come back into positive floating after dipping into floating loss for few hours.
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Set SL at 1.2887 (break even point). It's a normal trading day, if GBP moves below the entry area, there is chances of further fall. Even if it does not fall much, there is high probability of not going to TP and stagnating to sideways. Better to get out without loss.