Deciding where to set the Take Profit level is often difficult.
But even if you set it right, many emotions during a trade make you question whether you should close the trade before the Take Profit level.
Luckily, there’s one simple general rule that always works.
In fact, if you believe that your technical analysis is correct, the price will ultimately reach the Take Profit level.
In today’s trading opportunity that we discuss below, after doing some technical analysis on our TradingView chart, we identify a clear sell opportunity.
However, almost halfway into the trade, some contrary signals appear.
Emotions start to suggest that we should close the trade.
But we do not, because we trust the indicators, and we trust the technical analysis that we made with them.