I need help with this specific order type.
I like to put a order, with Limit entry, stop loss and take profit parameters. But only when the market has attained a specific trshhold.
Let me explain,
lets say euro/usd is trading at 1.2080
I want to place an order:
When the market goes upto 1.2120, I would like to put a Limit buy at 1.2100, stop loss at 1.2080 target 1.215.
Why? Bcoz I want to exchange on retracement, becuae I belelive when the marlket has struck 1.2120 it will go up out there but it is going to retrace a little before it goes up.