AUD/USD Forex Signal

14 September 2017 8:39:44 AM

Yesterday’s signals were not triggered, as neither of the key levels were ever reached.

Today’s AUD/USD Signals

Risk 0.75%.

Trades must be taken between 8am New York time to 5pm Tokyo time, during the next 24-hour period.

Short Trades

  • Go short following some bearish price action on the H1 time frame immediately upon the next touch of 0.8015 or 0.8058.
  • Place 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.
  • Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.

Long Trade 1

  • Go long following some bullish price action on the H1 time frame immediately upon the next touch of 0.7922.
  • Place 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.
  • Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

AUD/USD Analysis

This pair has taken a more bearish turn, in line with yesterday’s general strengthening of the U.S. Dollar. There is new resistance just above the 0.8000 level, and the price has become established within a short-to-medium term bearish wedge. There will probably be better opportunities in other Forex currency pairs for the time being.AUDUSD

There is nothing due today concerning the AUD. Regarding the USD, there will be a release of CPI and Unemployment Claims data at 1:30pm London time.

Adam is a Forex trader who has worked within financial markets for over 12 years, including 6 years with Merrill Lynch. He is certified in Fund Management and Investment Management by the U.K. Chartered Institute for Securities & Investment. Learn more from Adam in his free lessons at FX Academy.

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