AUDUSD- Price broke out of a Wedge Formation -
Live Trade- Currently Active
Date: 03/31/2020
Pair: AUDUSD
Entry Price:0.61166
Exit Price Pending
Risk Management
| Risk Percentage: 5.5%
| APS: 145
| TP Target: 500 per TP
| Number of Positions: 2
| Trade Type: Acceding Wedge
| Confirmation: Break of Structure
ALERTS FOR BREAK EVEN ACTIVE: Set
Notes:
- Price is in a rising wedge and currently broke structure to the downside.
- Set a sell stop to be entered into the market
- Dropped a micro lot to manage the drawdown
- And will add to the trade when appropriate.
Date: 03/31/2020
Pair: AUDUSD
Entry Price:0.61166
Exit Price Pending
Risk Management
| Risk Percentage: 5.5%
| APS: 145
| TP Target: 500 per TP
| Number of Positions: 2
| Trade Type: Acceding Wedge
| Confirmation: Break of Structure
ALERTS FOR BREAK EVEN ACTIVE: Set
Notes:
- Price is in a rising wedge and currently broke structure to the downside.
- Set a sell stop to be entered into the market
- Dropped a micro lot to manage the drawdown
- And will add to the trade when appropriate.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.