This is how to set up a trend continuation trade.
Look at past retracements and see how big they are.
Wait for a retracement like on Euro Dollar today.
Arrange your S/L to be slightly bigger than the biggest relevant retracement.
Set your T/P at somewhere with 2x or 3x of your S/L
Look at past retracements and see how big they are.
Wait for a retracement like on Euro Dollar today.
Arrange your S/L to be slightly bigger than the biggest relevant retracement.
Set your T/P at somewhere with 2x or 3x of your S/L