AUDUSD: 1:4 Risk Reward LONG (HIGH RISK) (RE-UPLOAD)
AUDUSD LONG:
- Trade war agreement in talks
- Could this appreciate the USD or will it strengthen the AUD with close ties to the CNY
High Risk Setup:
- High risk setup
- Reduced risk position
Fundamentals:
- Fundamental quant score +20 AUD, -10 USD. Not great scores but starting to deviate away from each other.
- Trade very unlikely to work, more of a speculative one backed by logic.
- If scores continue to diverge, it can be promising if not then being stopped out a likely outcome
- Trade war agreement in talks
- Could this appreciate the USD or will it strengthen the AUD with close ties to the CNY
High Risk Setup:
- High risk setup
- Reduced risk position
Fundamentals:
- Fundamental quant score +20 AUD, -10 USD. Not great scores but starting to deviate away from each other.
- Trade very unlikely to work, more of a speculative one backed by logic.
- If scores continue to diverge, it can be promising if not then being stopped out a likely outcome
Comment:
If you are in this position 1:2 Risk Reward has already been met, few options that you could do now. Scale out of your position, take all your profits or hold the position through.
To reduce my risk on the position I will be reducing my position size and moving my stop loss slightly
To reduce my risk on the position I will be reducing my position size and moving my stop loss slightly
Comment:
Feel free to message me if you want to know how i get these quant scores!
See screenshot here of entry: prntscr.com/mpr8wl