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.