AUD/USD BUY

19 Jan

AUDUSD has reached the horizontal support area on the daily timeframe chart.

📈 Expectations:

Anticipate the pair to re-test key support levels, as highlighted in the attached chart.

📊 Trading Strategy:

This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.

🚦 Trading Rules:

1️⃣ Rule 1: If the trade does NOT surpass our entry-level (🟢 GREEN LINE ON THE CHART), Do not enter the trade.

2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.

3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert.

4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.