@rsantiago384 on EURUSD | PriceONN Community
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I'm using a scaling out strategy on EURUSD to manage risk. If it hits R1 at 1.1565, I'll close half my position. If it pushes to R2 around 1.1580, I'll take the rest off. This way, I'm not giving back all the unrealized gains if it reverses. Better to lock in profits piece by piece.
Replies
@rsantiago384 That's a smart approach to scaling out. I tend to do something similar, though sometimes I get impatient and close everything too early. For EURUSD, I'm also considering where to take profits if we do see a move up next week. Friday's close around 1.1570 does give some room to breathe, but I'm worried about a gap down if things turn sour.