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This time the example is based on a daily chart. EUR/SUD makes new low below the previous one and we have a 2B set up. We place a buy order @ 1.2553. The position management is shown on the chart below.

EUR/USD goes up and we are long @ 1.2553 with protective stop @ 1.2505. Our targets for the first 1/3 of the position is 100 pips and for the second 1/3 – 200 pips. The last 1/3 will be held until the market stops us out. We will move our stop on 15 minute chart. As you can see the EUR stages a rally and we close the first 1/3 for 100 pips profit and second 1/3 for 200 pips profit. We move the stop below swing lows or consolidation areas.