If you know the range and the direction of the trend, their you will find the TP. I.E. looking at the daily and you see the range is 400 pips; you get in at the top, your TP is at the bottom of the range. However, if you jump in around the middle of the range you risk seeing a 200 pip pullback. Also, note that the range has levels, if it's a 400 pip range, that's 4 levels. if you don't get in at the top of the range, you need to know how to track where you are in the range to determine which level of the range you see next. P.S. When trading you only have 2 environments to trade in, that's RANGE BOUND or BREAKOUT. Always determine which environment you are in; the market is range bound 95% of the time, and breakouts happen within the range.
Paste this link and I hope this interview on FX is helpful. http://theshrine.podomatic.com/entry...09_06_34-07_00