AUD is weak as markets open in a more risk-off mood.
was not triggered as there was a small bullish bounce at the support level which I had identified at $0.6732, but it was not enough to trigger a long trade entry.Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of the upper trend line shown in the price chart below which is currently sitting at about $0.6835.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.Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of $0.6781, $0.6762, or $0.6731.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. The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a
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