Forex Signal For AUD/USD: Declining at 0,7200 in Bear Market.

    Forex Signal For AUD/USD: Declining at 0,7200 in Bear Market.   The Australian dollar has been weak since markets opened this week.

Previous AUD/USD Signal

Last Tuesday's AUD/USD signal produced a losing short trade from bearish price action rejecting the resistance set at 0,7223, warning throughout the day that there will be no good trading opportunities in this currency pair.  

Today's AUD/USD Signals

 

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

 

Sales Trade Tips

 

• The next touch of 0,7223 or 0,7293 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 For AUD/USD: Declining at 0,7200 in Bear Market.

 

Buying Trading Tips,

 

• On the next touch of 0,7196 or 0,7123, enter long 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 be driven.

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