I need help with this particular order type.
I like to place a order, with Limit entry, stop loss and take profit parameters. but only when the market has reached a particular trshhold.
let me explain,
lets say euro/usd is trading at 1.2080
I want to place an order :
If the market goes upto 1.2120, i would like to place a Limit buy at 1.2100 , stop loss at 1.2080 target 1.215.
Why? bcoz i want to trade on retracement , becuae i belelive if the marlket has hit 1.2120 it will go up from there but it will retrace a bit before it goes up.
I like to place a order, with Limit entry, stop loss and take profit parameters. but only when the market has reached a particular trshhold.
let me explain,
lets say euro/usd is trading at 1.2080
I want to place an order :
If the market goes upto 1.2120, i would like to place a Limit buy at 1.2100 , stop loss at 1.2080 target 1.215.
Why? bcoz i want to trade on retracement , becuae i belelive if the marlket has hit 1.2120 it will go up from there but it will retrace a bit before it goes up.