When you're scaling out of a position, especially on something like $EURUSD, do you typically have set targets for partial closes, or is it more discretionary based on price action at the time?
For me, it's usually a combination. I'll have a few key levels in mind for partial takes, but the exact size of those scale-outs often depends on how price is reacting around those areas.
For me, it's a bit of both. I usually set initial targets for partial closes, but I'm always ready to adjust based on how price is reacting around those levels. Sometimes the market gives you a clearer signal to take more off the table sooner than anticipated.