July 24, 2019 AUDJPY short position. Closed profit: 15,4%
After a pullback that lasted for more than a month, price corrected back to weekly dynamic support of the 50 EMA. The entry presented itself when price broke an rising wedge to continue its down-trend.
After the break-out with momentum all our strategy prerequisites and bespoke indicators were giving us the green light that this trend would now continue its down-trend. The trade ticked off a clean 100% score on our ‘pre-flight’ checklist and is the 2nd strategy in our arsenal.
PROFIT TARGET 1
Our bespoke management technique lets us quickly capitalize on the initial move, realizing a quick low risk profit, while managing the remainder of the position risk free until the market decides to take us out. In this case for 15,4% in total.
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