Of course, you can move your Stop Loss to break-even if the price moves in your favor. However, please keep in mind that the Stop Loss cannot be closer than 5 pips to the current price.

For example, if you enter a trade at 1.2000 and the price moves up to 1.2050, you can move your Stop Loss to break-even at 1.2000. But if the current price is 1.2050, you must ensure your Stop Loss is at least 1.2045 or further away. This rule helps protect your trade from being prematurely stopped out due to minor price fluctuations.