Let's look at the above 60-minute chart:
1) In my previous post, I went long EUR-USD on the Spot Forex market at 1.4220.
2) EUR-USD trades now at 1.4213.
3) My stop loss is at 1.4150 (- 70 pips compared to entry price)
4) My 1st exit (selling 50% of my position) will be at 1.4300 (+70 pips; risk/reward 1:1)
5) My 2nd exit (selling the remaining 50%) will be at 1.4400 (+180 pips; risk/reward 1:2.6)
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