Forex Signal For AUD/USD: Weak Bullish

    Forex Signal For AUD/USD: Weak Bullish   The AUD gained support thanks to the RBA's contraction speech in September. Last Thursday's AUD/USD signals appreciated, producing a highly profitable short trade entry from the downtrend at the resistance level set at 0,7403.  

Today’s AUD/USD Signals

 

• Risk 0,75 %
• Transactions must be entered before 17:00 Tokyo time on Wednesday.

 

Sales Trading Tips

• Enter a sell at the next 0,7403, 0,7424, or 0,7450.touch and on the H1 time frame, after a bearish price reversal.
• Place the stop loss 1 pip above the local high.
• Even when there is 20 pips profit in the trade, the stop-loss is active.
• When the price reaches 20 pips profit, take 50 % of the position as profit and leave the rest of the position active.

Forex Signal For AUD/USD: Weak Bullish

Buy Trading Tips

• Immediately after the next touch 0,7375, 0,7356, or 0,7322 and on the H1 time frame, after the reversal of the bullish price action, enter the buy.
• Place the stop loss 1 pip below the local low.
• Set the stop-loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips profit, take 50 % of the position as profit and leave the rest of the position running.

 

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