Forex Signal For AUD/USD: Strong Recovery Begins to Slow

    Forex Signal For AUD/USD: Strong Recovery Begins to Slow   Resistance at 0,7280 is holding the pair so far.  

Today's AUD/USD Signals

 

• Risk 0.75 %.
• Trades must be entered before 5:00 PM Tokyo time on Friday.

 

Sales Trade Tips

 

• On the next touch of 0,7269 or 0,7280, go short immediately after a bearish price reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Set a 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: Strong Recovery Begins to Slow

Buying Trading Tips

 

• Next touch 0,7245, 0,7237, 0,7222 or 0,7181 and immediately watch for a bullish price action reversal on H1 time frame.
• Place the stop loss 1 pip below the local swing low.
• Set a 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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