Forex Signal For AUD/USD: Downtrend Continues.

    Forex Signal For AUD/USD: Downtrend Continues.   Price is trading higher above 0,6918. The reason the previous signal was not triggered last Monday was that the price never fully reached the resistance level set at 0,7038.  

Today's AUD/USD Signals

 

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

 

Sales Trade Tips

 

• The next touch to 0,6918 or 0,7002 immediately go to sell as soon as a bearish price action reversal on 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 hold.

 

Forex Signal For AUD/USD: Downtrend Continues.

 

Buying Trade Tips

 

• With the next touch of 0,6848 or 0,6774, immediately follow the reversal of the bullish price action on the H1 time frame.
• Place 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 hold.

   

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