$AUDUSD Trade Setup
Cross of line = 15m candle close over/under line, with next 5m candle NOT crossing back under/over the line
Green = BUY line
Red = SELL line
TPs = yellow lines
Once buy line is crossed, sell line becomes initial SL
Once sell line is crossed, buy line becomes initial SL
The best way to maximize profits (instead of scaling out part of your position at each TP) is to use a trailing SL (18 pips) or manually move your SL under/over yellow line once TP is hit [I usually move SL 8-18 pips under/over yellow TP line, depending on if I'm just scalping (8) or swinging (18)].
Green = BUY line
Red = SELL line
TPs = yellow lines
Once buy line is crossed, sell line becomes initial SL
Once sell line is crossed, buy line becomes initial SL
The best way to maximize profits (instead of scaling out part of your position at each TP) is to use a trailing SL (18 pips) or manually move your SL under/over yellow line once TP is hit [I usually move SL 8-18 pips under/over yellow TP line, depending on if I'm just scalping (8) or swinging (18)].
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