I am looking at the following trade plan. So far in my learning curve I have traded the pinbars at the breakout 10 pips below, however, on this occassion I am looking to trade the retracement? Is this a valid setup? Basically, I'm trying to minimise my SL.
I still have trouble picking good TP1 and TP2 and would appreciate some comments.
In the current plan if I hit TP1 then I am effectively at break even with Trade 2.
Many thanks.
I still have trouble picking good TP1 and TP2 and would appreciate some comments.
In the current plan if I hit TP1 then I am effectively at break even with Trade 2.
Many thanks.