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AUD/USD Signal Today 16 January 2025
(MENAFN- Daily Forex)
- Risk 0.75% Trades must be taken prior to 5pm Tokyo time Friday.
- Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of $0.6247 or $0.6299. Place the stop loss 1 pip above the local swing high. Move the stop loss to break even once the trade is 20 pips in profit. Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.
- Go long following a bullish price action reversal on the 1H1 time frame H1H1H1 time frame immediately upon the next touch of $0.6195, $0.6172, or $0.6126. Place the stop loss 1 pip below the local swing low. Move the stop loss to break even once the trade is 20 pips in profit. Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.

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