One thing is for sure: without a clear rule on How to set Take Profit, you cannot be consistently profitable.
Luckily, understanding where to set Take Profit is easy!
You just need to keep your trading chart very clean and simple so that you can clearly read the price action.
Additionally, you need to use a few quality Trading Indicators like the ones we’re using in today’s live trade on our TradingView chart.
Once you do that, it becomes very easy to understand where to set Take profit.
But that’s not all!
With the right Trading Indicators, you can also understand when to move the Take Profit level.
Why should you move it?
Because there are trading opportunities, like in the trade below, that you can increase your profit without increasing the risk!