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AUD/USD Forex Signal: Bulls Capped by 0.7500
Yet the price looks well supported at 0.7450.
Last Thursday’s AUD/USD signals were not triggered, as there was no bullish price action when the support level at 0.7423 was reached that day.
Today’s 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.
