In the p Forex rebate kingevious section you have learned how to set up a cashbackinforex trade Now we need to monitor and manage it and adjust it to changing market conditions During this period, new forexrebateindonesias may be formed, which will lead to corresponding adjustments to the stop loss or cashback forex price, so you also need to adjust your pending orders to manage pending buy stop orders at the same time / If you find that the market direction is going up, you can enter a pending buy stop order in the previous step Now, something different may happen, so you need to adjust your pending order Now lets understand how to handle each type of order A. If the market direction reverses, cancel the pending order When managing a pending order, you must check the 30-minute chart to understand any change in the market direction If the market direction If the market direction changes in a direction opposite to the one determined in step 1, then you should close the pending order and return to step 1 B. If a new fractal appears, then change the stop loss/profit If a new form of fractal appears, then you need to adjust your stop loss/profit The new fractal can be above or below the current fractal - The rule is that you always need to use the last upward fractal to place your stop/earnings The red line in the chart below shows the pending stop that is moving The first stop at the tip of the original fractal The new stop at the tip of the newly formed fractal The current entry Forexrebateking The current profit target C. If a new underline appears, then change the entry price If a new fractal is formed, then move your entry point to the new downward pointing Low point above the fractal This is the new line that the price needs to cross in order for you to easily enter the trade However, you should note that if you change the pending order and your entry point is less than 5 pips away from your profit target, then you can change your profit target to the next pivot point and more than 5 pips away from your profit point The orange line in the chart below shows the pending sell order that is moving: the low price of the original lower fractal The first entry point of the new entry point of the low price of the new descending fractal Current Stop Loss Current Profit Target If the entry price is reached, the pending order will automatically trade If the entry price of your pending entry is reached by the market, the pending order will automatically become a trade This can be seen below Last Descending Fractal: Waiting to Sell Stop Entry Level Stop Loss at the tip of the last fractal When the price crosses the pending entry level Execution of sell orders Current profit target E. Pivot points change at midnight, pivot points change based on the data of the previous day now, the new day will have a new pivot point In this case, you must adjust your profit target to the next new pivot point The chart below shows the change: the previous pivot point, which was the original target new pivot point, this is where you need to adjust your profit target