Forex Signal For AUD/USD: 0,6850 Area Looks Important

    Forex Signal For AUD/USD: 0,6850 Area Looks Important   AUD barely reacted to today's RBA rate hike.  

• The previous signal last Thursday produced a profitable short trade after the hourly pin bar rejected the resistance level set at 0.6844.

 

Today's AUD/USD Signals

 

• Risk 0,75%
• Transactions must be entered before 17h00 Tokyo time on Wednesday.

 

Sales Trade Tips

 

• Next touch 0,6848 and immediately go selling as soon as a bearish price action reverses on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, remove 50% of the position as profit and let the rest of the position last.

 

Forex Signal For AUD/USD: 0,6850 Area Looks Important

 

Buying Trading Tips

 

• Next touch 0,6719 or 0,6683 and immediately buy as soon as a bullish price action reversal on the 1H1 time frame H1H1H1 time frame.
• Place the stop loss 1 pip below the local swing low.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, remove 50% of the position as profit and let the rest of the position last.

 

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