Today’s AUD/USD Signals

Risk 0.75%

Trades may only be taken before 5pm Tokyo time Tuesday.

Short Trade Idea

• Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.6964 or 0.6993.
• Put the stop loss 1 pip above the local swing high.
• Adjust the stop loss to break even once the trade is 20 pips in profit.
• Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.

Long Trade Ideas

• Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.6882, 0.6797, or 0.6784.
• Put the stop loss 1 pip below the local swing low.
• Adjust the stop loss to break even once the trade is 20 pips in profit.
• Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.