AUDUSD 4H FORECAST

Apr 11, 2019

TRADE IDEA: A sell position can be considered since there is already a signal at a forecast level.

Apr 11, 2019

Trade active

As of this writing, scaling out properly have secured traders with a minimum of 3R profit, while still having a portion of the initial position open.

Apr 12, 2019

Trade closed: stop reached

This was a good trade. 3R profit achieved because of proper trade management. Here is how I managed the trade.

Entry: 50% of candle

Free-Trade Strategy: Once the market hit the 2R level

Taking Profits: scaling out by closing 2/3 of the position once the market hit the 3R level (2R Profit).

Moving the Stop-Loss: Once the market closed below the 3R level, I move the stop-loss to the 3R level to secure another 1R profit.