AUD/USD Forex Signal: Bulls Capped by 0.7500
Yet the price looks well supported at 0.7450.
Last Thursdayβs AUD/USD signals were not triggered, as there was no bullish price action when the support level at 0.7423 was reached that day.
Todayβs AUD/USD Signals
Risk 0.75%
Trades must be entered prior to 5pm Tokyo time Wednesday.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.7505, 0.7524, 0.7537, or 0.7548.
Put the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.
Yet the price looks well supported at 0.7450.
Last Thursdayβs AUD/USD signals were not triggered, as there was no bullish price action when the support level at 0.7423 was reached that day.
Todayβs AUD/USD Signals
Risk 0.75%
Trades must be entered prior to 5pm Tokyo time Wednesday.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.7505, 0.7524, 0.7537, or 0.7548.
Put the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.
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