If a SELL is triggered, the only way a BUY will trigger after it is when SELL reaches the profit target
that's what I'm actually asking ==> do we need to take that BUY order also after the SELL has hit the TP ?
Let me try to explain my confusion a bit further in detail :
eg. your calls for today :
(1)
EUR: BUY 1.3154 SL 1.3124 TP 1.3204
-OR-
SELL 1.3214 SL 1.3244 TP 1.3164.
above if BUY is triggered @ 1.3154 & the price reaches TP of 1.3204, this trade gets closed but if the price moves further up to 1.3214 which is actually the trigger for the SELL order, does this new SELL order needs to be taken then ?
Similarly......
if SELL is triggered @ 1.3214 & the price reaches TP of 1.3164, this trade gets closed but if the price moves further down to 1.3154 which is actually the trigger for the BUY order, does this new BUY order needs to be taken then ?
(2)
GBP: BUY 1.5740 SL 1.5710 TP 1.5800
-OR-
SELL 1.5820 SL 1.5850 TP 1.5760.
above if BUY is triggered @ 1.5740 & the price reaches TP of 1.5800, this trade gets closed but if the price moves further up to 1.5820 which is actually the trigger for the SELL order, does this new SELL order needs to be taken then ?
Similarly......
if SELL is triggered @ 1.5820 & the price reaches TP of 1.5760, this trade gets closed but if the price moves further down to 1.5740 which is actually the trigger for the BUY order, does this new BUY order needs to be taken then ?
I have tried to explain my confusion to the best of my abilities & I'm sure you will also give your best reply but if still confusion prevails, then this post could be considered my last post for the said query/confusion.
Thanks for your time & patience.