DislikedWhat would be a good way to determine a good TP area, should you always go for 100pips when trading the daily?Ignored
- Either spot a supply/demand area or KSR of any kind and wait for price to reach it.
- Use a fixed 30/50/100 pip target depending on what kind of range price is in - 100 for HIN or "exotic pairs" (GJ, GA, EA, GCad etc.), 30-50 for EU-GU-EJ.
- Find a possible liquidity area that price will try to reach and claim, such as a clean level where stops are resting for instance, and where we'd expect a turn-around.