Charts101 Trading

Below is an open short trade with a stop loss at breakeven, and a Take Profit Limit order set to +50 pips profit.

It is a daily chart.

Update: This trade was closed for about +15 pips.

Here is the result of the short trade. Both positions were closed out for a profit. On the MT4 chart my take profit should have been triggered but for some reason it wasn’t. I gave it some time to see if price would move through the level again, but ultimately decided to close them manually. Something like this may happen from time to time.