Forex Signal For AUD/USD: Pair Failed to Break 0,7400

  Forex Signal For AUD/USD: Pair Failed to Break 0,7400   The AUD remains weak against the USD, in part due to Australia's lockdown. The reason AUD/USD signals did not trigger last Thursday is because there was not enough bullish action once the support level defined as 0,7367 was reached.  

In Today's AUD/USD Signals

 

• Risk 0,75 %

 

• Transactions must be entered before 17:00 Tokyo time on Wednesday.

 

Sales Trading Tips

 

• Go sell after a downside price reversal at the next touch of 0,7393, 0,7403, 0,7424 or 0,7450 and on the H1 time frame.
• Place the stop loss 1 pip above its local high.
• Leave the stop loss active even when the trade is 20 pips in profit.
• When the trade reaches 20 pips profit, take 50 percent of the position as profit and leave the rest of the position active.

In Today's AUD/USD Signals

 

Buy Trading Tips

 

• Enter a buy at the next touch of 0,7341 or 0,7322 and the reversal of the bullish price action on the H1 time frame.
• Place the stop loss 1 pip below the local low swing.
• Leave the stop loss active even when you are 20 pips profit in the trade.
• When the trade reaches 20 pips profit, take 50 % of the position as profit and leave the rest of the position in the trade.

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