Forex Signal For AUD/USD: Weak Rise Within Consolidation

  Forex Signal For AUD/USD: Weak Rise Within Consolidation   The AUD remains relatively weak as a currency.   The AUD/USD pair signals identified last Tuesday were not triggered when they first reached the 0,7341 support level because there was not enough bullish price action.  

Today's AUD/USD Signals

 

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

   

Sales Trading Tips

 

• Go sell after a bearish price reversal at the next touch of 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.

Forex Signal For AUD/USD: Weak Rise Within Consolidation

 

Buy Trading Tips

 

• Enter a buy at the next touch of 0,7364 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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