Trade of the Week: AUD/USD H1: 26th June: +3% Profit (+63 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the 26th, we have a H1 setup (2nd break entry after first break), on H4, this is a corrective wave with a nice sleeping alligator and the price below the box. The price has enough space to move before to reach the H4 lower level of the box and the initial stop loss, above the green line, is at 21 pips. The price, after a couple of hours, drops and we exit few hours before the closure of the week for +63 pips, +3% profit.
For more details and examples of trade, click "Examples of Trade" in the menu
On the 26th, we have a H1 setup (2nd break entry after first break), on H4, this is a corrective wave with a nice sleeping alligator and the price below the box. The price has enough space to move before to reach the H4 lower level of the box and the initial stop loss, above the green line, is at 21 pips. The price, after a couple of hours, drops and we exit few hours before the closure of the week for +63 pips, +3% profit.
AUD/USD is a really lovely pair to trade on especially if we’re having proper idea about it. I am always following my broker OctaFX for it since they’re forever helpful to me in many ways and that’s especially to do with their daily market news and analysis service, it’s easier to follow yet highly effective as well, so that’s why I am able to perform so nicely and always bring me ample profits and this blog is also lovely place to follow.
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