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FX.co ★ Trading idea for the AUD/USD currency pair

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Forex Analysis:::2020-07-14T07:00:14

Trading idea for the AUD/USD currency pair

Good afternoon traders! A trading idea for the AUD / USD pair.

Yesterday, at the American trading session, the quotes closed with a short pin bar on the daily chart (D1):

Trading idea for the AUD/USD currency pair

To lower the price in the trading chart, open short positions and follow the plan indicated below:

Trading idea for the AUD/USD currency pair

So, in accordance with the Price Action and Stop Hunting strategies, take profit when the quotes breakout of the level 0.69200, which is the area of buy stops.

Remember to control the risks in order to get profit on your transactions.

Good luck!

Analyst InstaForex
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