I hope this finds you all well.
An example, let’s say I went BUY on USDCAD at 1.26663 and few minutes later I am up by 200pips (1.26863) and my current profit is $200.
I do not want to close yet, because I strongly believe the price will go higher.
However life happens and sometimes we get distracted by others…spouse, kids, pets etc. those few moments of distraction can cost you a lot, so my question is…
Is it possible to place a S/L above the entry price OR to set a T/P below the current market price to protect some part of the profit.
I look forward to your comments.
Thank you and kind regards,