Pending Order NZDUSD
BuyStop: .7110 SellStop: .6985
StopLoss: 68 TakeProfit 1: 34 TakeProfit 2: 68 TakeProfit 3: 102
Trade Management: Aggressive traders open trade in lot increments divisible by 3. Once TakeProfit 1 is reached, close one-third of position and move stop-loss to break-even. When TakeProfit 2 is reached, close one-half (one-third of original position) of remaining position and move stop-loss to TakeProfit 1. When TakeProfit 3 is reached, close remaining position.
Conservative traders open trade in desired lot increment. Once TakeProfit 1 is reached, close entire position.
This post will be updated as the trade opportunity progresses.
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