Magandang umaga Ria, a couple of things on this trade, remember I have not had a live look at today’s price action on this pair, so I am looking at the chart you have posted. It is a bit rare for a trend like this NOT to have a pull back, and you might be entering at a temporary bottom, this would mean you will have to hold through a retrace. If you look at the past price action, the price on your current chart is about at the middle of the past range, that got started in Jan and continued till the end of Feb, or beginning of March.
So this is a sticky point, and as I have said before, never take a trade in the middle of a range price. along with this your stop might be too tight, and there may not be enough room for the price to swing around and then resume the downward trend. It might have been better to have waited for a pull back, up to around the top of that 3 month range. Also your TP may be too deep, you never want to assume that the price will retouch the low, and usually it is better to “leave” something on the “table”, and be happy with what you are able to pocket.
I suggest that you concentrate on getting the direction correct, with an efficient entry system, such as a pull back, this minimizes having to hold though a lot of pain to get the trade. This is a basic skill, don’t worry about 3 to 1, or a billion to one or whatever nonsense people are peddling now, be directionally correct, with an efficient entry, then you can work on an exit strategy with a calm clear mind.
The Ever Helpful VIPER