How do we set our stop los and take profit ?

Normally as price action traders we simply look at different support and resistence areas…

We draw some lines, some boxes and boom… We can set and calculate a good risk/reward ratio.

But how do we choose good stop loss and take profits levels when we cant "see" them ?

Well we actually could simulate the drawing or find areas where candles concentrate, but isnt this a bit too much ? Arent there easier ways ? I am glad for every help on this topic 🙂

Submitted October 19, 2020 at 05:03PM by genarTheDev
via https://ift.tt/3o4HtTr

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