SELL STOP | USDJPY | LOTS: 1 | @ 120.88 | SL: 121.56 | TP: 1.1104
Calculated SL based on the range of the previous four candles before entry candle:
SL: High 121.38 - Low 120.68 = 70 * 0.68 = 48 pips. SL = 121.08 + 48 = 121.56
TP: 48 * 2 = 96 pips; 121.08 - 96 = 120.12
ENTRY PRICE: Entry candle close - 17 pips - 3 pip spread: 121.08 - .17 = 121.91 - .03 = 120.88
Calculated SL based on the range of the previous four candles before entry candle:
SL: High 121.38 - Low 120.68 = 70 * 0.68 = 48 pips. SL = 121.08 + 48 = 121.56
TP: 48 * 2 = 96 pips; 121.08 - 96 = 120.12
ENTRY PRICE: Entry candle close - 17 pips - 3 pip spread: 121.08 - .17 = 121.91 - .03 = 120.88