Forex Signal For AUD/USD: Consolidation Below 0,7430.

    Forex Signal For AUD/USD: Consolidation Below 0,7430. The Australian shows relative weakness. The reason the AUD/USD signal was not triggered last Tuesday is because there was no bullish price action when the price first reached the support level set at 0,7437.  

Today's AUD/USD Signals

 

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

 

Sales Trade Tips

 

• Next touch 0,7430, 0,7439 or 0,7454, go short as soon as a bearish price action reverses on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Set 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: Consolidation Below 0,7430.

   

Buying Trade Tip

 

• The next touch of 0,7366 immediately follows a bullish price action reversal on the H1 time frame.
• Put the stop loss 1 pip below the local swing low.
• Set 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.