Forex Signal For AUD/USD: Selling After RBA Release.
Forex Signal For AUD/USD: Selling After RBA Release.
Last Thursday's AUD/USD signal produced a profitable short trade entry as the resistance level set at 0,7548 rejected the bearish bias.
Today's AUD/USD Signals
The risk is 0,75%.
Transactions can only be received on Wednesday before 17h00 Tokyo time.
Sales Trade Tips,
Next touch 0,7513, 0,7534, 0,7548 or 0,7569 and immediately enter short after a bearish price 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 be driven.
Forex Signal For AUD/USD: Selling After RBA Release.
Buying Trade Tips
On the next touch of 0,7437 or 0,7408, 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.