Forex Signal For AUD/USD: AUD Shows Relative Strength.

    Forex Signal For AUD/USD: AUD Shows Relative Strength.   The 0.7218/23 area seems to be the most important range today. Last Thursday's AUD/USD signal was not triggered; because none of the three key resistance levels reached that day showed any bearish price action.  

Today's AUD/USD Signals

 

• Risk 0,75%
• Exchanges can only be made on Friday before 17h00 Tokyo time.

 

Sales Trade Tips

 

• On the next touch of 0,7218/23 or 0,7264, go sell immediately after a bearish price action reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Set a stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.

 

Forex Signal For AUD/USD: AUD Shows Relative Strength.

   

Buying Trading Tips

 

• With the next touch of 0,7155 or 0,7149, immediately watch for a bullish price action reversal on the H1 time frame.
• Place the stop loss 1 pip below the local swing low.
• Set a stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.