Deciding whether to close a trade or hold it can be a crucial moment in trading. It often hinges on a careful assessment of your initial Entry, TP, and SL.

Consider your trading plan and risk management strategy. Did the market conditions that led to your Entry change significantly?

If your TP is within reach and the market shows signs of reversal, closing might be prudent. Protecting profits is a key aspect of successful trading.

Conversely, if the market is still trending strongly in your favor and the SL has not been breached, holding could yield greater rewards. Patience can be a virtue, but it needs to be balanced with risk.

Always review your rationale for the trade before making a decision. Is there new fundamental information or technical analysis that warrants a change in strategy?

Ultimately, the choice between closing and holding depends on your analysis of the current market situation relative to your initial trading objectives.