Forex Signal For AUD/USD: Consolidation Expected Between 0,7100 and 0,7170.

  Forex Signal For AUD/USD: Consolidation Expected Between 0,7100 and 0,7170. It seems that the pair continues its trend of sharp downward price action.  

Previous AUD/USD Signal

  The AUD/USD signal on Monday last week produced a profitable short trade from the bearish pin bar rejecting the resistance level set at 0,7223.  

Today's AUD/USD Signals

 

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

 

Sales Trade Tips

 

• The next touch of 0,7170 or 0,7188 immediately goes selling after a bearish price reversal 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 Expected Between 0,7100 and 0,7170.

 

Buying Trading Tips

 

• Next touch 0,7102, 0,7083 or 0,7051 and immediately watch for a bullish price action reversal on 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.

   

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