Hello, I want to know if anybody could tell me on how to determine SL if we're using a limit order (buy limit or sell limit). For example, if we draw a Fib and we found a confluence on the chart but don't have the time to monitor how price react, I'd use a limit order placed on the confluence zone, however, I'm confused about the SL size (in pips) that I should give. I know where to put my SL if its an order following a certain reaction for example, a pinbar or an engulfing bar. But what about on a buy limit or sell limit orders? I'd appreciate any pointers
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