Forex Signal AUD/USD: What is the Bearish Action When the Australian Currency is Down?

      Forex Signal AUD/USD: What is the Bearish Action When the Australian Currency is Down?   The 0,7350 area could be supportive or very important (pivotal) today. Last Thursday's AUD/USD signal was not triggered because there was no bearish price action when the resistance level at 0,7398 was first reached that day.  

Today's AUD/USD Signals

 

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

 

Sales Trade Tips

 

• On the next touch of 0,7363, 0,7384 or 0,7426, enter short immediately following a bearish price reversal in 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 be driven.

Forex Signal AUD/USD: What is the Bearish Action When the Australian Currency is Down?

 

Buying Trading Tips

 

• On the next touch of 0,7349, 0,7335 or 0,7305, buy immediately after a bullish price action reversal on the H1 time frame.
• Put the stoploss 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 be driven.

 

You may also be interested in:

 

Forex Signal For GBP/USD: Not Adversely Affected Outlook Holds Firm Ahead of UK Data.