Here is a daily chart for GBPUSD .. Long position from entry 1 with a tight SL .. if you get stopped out you can re-enter again at entry 2, you get stopped out again you can make final entry at entry 3.. all with a tight SL .. Note that its a long term trade and not for scalping...
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Trade still active..
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TP1 reached ... trade still active...
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Move SL to Breakeven ...TP1 reached , TP2 in sight...
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move SL to 1.31605 for guaranteed TP2 cos a reversal might be in place soon ..
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