Forex Signal For AUD/USD: Wide Rise in Price Channel

    Forex Signal For AUD/USD: Wide Rise in Price Channel   The AUD is weakly bullish, but moves in wide swings with deep pullbacks. Last Tuesday's AUD/USD signals did not trigger as there was no proper price action at any of the key levels reached that day.  

Today's AUD/USD Signals

 

• Risk 0,75 %.
• Transactions must be made only before 17:00 Tokyo time on Friday.

 

Sales Trading Tips

• At the next touch of 0,7409, 0,7424 or 0,7450 and on the H1 time frame, enter a sell 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: Wide Rise in Price Channel

Buy Trading Tips

• Immediately after the next touch of 0,7356 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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