Forex Signal For AUD/USD: Consolidation Expected Below 0,7142.

    Forex Signal For AUD/USD: Consolidation Expected Below 0,7142.   View shows a dip well below 0,7063  

• The previous signal on August 10 was not triggered as there was no bearish price action when the price reached the initial set resistance levels.

 

Today's AUD/USD Signals

 

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

 

Sales Trade Tip

 

• Next touch 0,7141 and immediately go selling as soon as a bearish price action reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Move the 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 be driven.

 

Forex Signal For AUD/USD: Consolidation Expected Below 0,7142.

 

Buying Trade Tips

 

• Next touch 0,7063, 0,7010 or 0,6951 and immediately buy as soon as the bullish price action reverses on the H1 time frame.
• Place the stop loss 1 pip below the local swing low.
• Move the 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 be driven.

   

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