Forex Signal For AUD/USD: Consolidation Holds Below 0,7170.

    Forex Signal For AUD/USD:  Consolidation Holds Below 0,7170.   The pair continues to trend towards sharp price action to the downside.  

Previous AUD/USD Signal

  The AUD/USD signal last Tuesday produced a losing short as the resistance level set at 0,7170 rejected the downtrend.  

Today's AUD/USD Signals

 

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

 

Sales Trade Tips

 

• The next touch of 0,7100, 0,7170 or 0,7188 is immediately followed by a bearish price reversal in the H1 time frame, then go sell.
• 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:  Consolidation Holds Below 0,7170.

 

Buying Trading Tips

 

• On the next touch of 0,6963, 0,6926 or 0,6885, buy immediately following a bullish price action reversal in the H1 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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