Every time you open a new trade you need to set two levels: the Stop Loss and the Profit Target (or Take Profit).
Generally speaking, once you set those two levels, you have to stick to them until one gets hit.
And, hopefully, the Profit Target level will get hit more frequently than the Stop Loss.
However, there are circumstances like in the trade that we discuss below, in which you can increase your Profit Target and earn more, without touching the risk!
After performing a quick technical analysis using our indicators for TradingView, we identify a very clear and safe trading setup which is supported by a major level displayed by the Levels and Zones indicator.
So, we decide to get into this trade.