Red line = stop loss
Green line = take profit
Black line = move stop-loss to "break even"
the "move stoploss to break even" part is not necessary, but its generally smart to move your stoploss along as the price goes downwards i think.
Green line = take profit
Black line = move stop-loss to "break even"
the "move stoploss to break even" part is not necessary, but its generally smart to move your stoploss along as the price goes downwards i think.
Comment:
There is an important event about NZD that will start next week. If you want to close position before that event, make sure to check the "economic calendar" to see when in your timezone it will start. ( remember to pick your local timezone on the calendar before you use it ) The trade might have hitted "take profit" before the event starts, but we dont know that.
Trade closed: stop reached