AUDUSD looks GOOD for a BUY... Look for a BUY coming soon...
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Get ready for the market signal to BUY AUDUSD after 4PM central time.
Trade active
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BUY at 0.7384, Target at 0.7671, Stop at 0.7335
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This information and publication are for EDUCATIONAL PURPOSE only and does NOT meant to be, and do NOT constitute financial, investment, trading, or other types of advice or recommendations. So, do your own Research, Due Diligence, and ask for professional advice, before making any decision to trade. All financial instruments, investment, or trading are RISKY, so only trade with money you can afford to lose.
Trade closed manually
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Closed at 0.7385
Wait for buy re-entry later.
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BUY re-entry may NOT come until next week. We will see what happen today and tomorrow, but most likely AUDUSD may go down to 0.7265 before it gives another BUY entry.
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PROFIT MANAGEMENT is another MAJOR KEY to CONSISTENT PROFITABLE trading... Another word, if the trade is already IN PROFIT, don't let it become a loser. At least, let it be a breakeven trade.
That is exactly what happen to this AUDUSD trade, it was up 74 pips IN PROFIT, but it came all the way back down, so it was closed or exited at 0.7385, for a BREAKEVEN result.