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A trader is long 400,000 GBP/CAD at 1.7180 and has a target of 1.7190, but wants to limit losses to 1.7175. They enter a S/L
A trader is long 400,000 GBP/CAD at 1.7180 and has a target of 1.7190, but wants to limit losses to 1.7175. They enter a S/L (stop-loss) of 200,000 at 1.7175, and a T/P (take profit) of 200,000 at 1.7190. If GBP/CAD trades below 1.7175 and then above 1.7190, what would be the resulting trade?
Sell at 1.7175 first, and sell again at 1.7190
Sell at 1.7175
Buy at 1.7175, and sell at 1.7190
Sell at 1.7175 first, and buy at 1.7190
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