AUDUSD: Who wanna Book a Profit Trade’?



Descending trend break-off propels the price range. In a 4Hr time-frame, AUDUSD pair opens the gate for Buyers whom all are looking for an Instant Profits. The trend break-out pulling the price range consistently to the top this action has the potential to fetch 0.72409, but the impulse impact may tend a simultaneous pullback and throwback action. In this case, the price range will first visit the 0.70777 and 0.72409-later.

On the contrary, if the price range continued to decline after the pullback action @ 0.70777 close the trade @ 0.69929.

Signal Specification

Entry: 0.71290

P.E: 0.70777

Tp: 0.72409

Sl: 0.69929

R/R: 1.92

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Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
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Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

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07 Jan 2019 4:26 pm Posted by admin