Tradingwithtamil

DOLLAR Vs DOLLAR:AMERICAN BISON TAKING OVER KANGAROOS-BEARISH.

Long
Tradingwithtamil Aggiornato   
FX:AUDUSD   Dollaro australiano / Dollaro
Hi all,

The dollar index has reached the important zone. Expecting a bearish price action based on daily zone.
The signal seems to be moving within the bearish wedge. Now its important to keep an eye on this currency pair.
we can see the impulse and its corrections rapidly(shown in graph).
Candles are now at impulse means,it will grow down.As per,previous impulse strength it may fall up-to 0.72542.
In case, candles are turns into correction we can expect a small rise and a pullback to down(shown in graph).

SIGNAL SPECIFICATION

PAIR:AUDUSD

ENTRY:0.74822

STOP LOSS:0.76442

TAKE PROFIT1:0.74167

TAKE PROFIT2:0.72542

RISK Vs REWARD:1.3
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4. Risk vs Reward upto 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that, even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allow you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.


Note: Everything works with Best money management.


Note: Please leave comments for any query.


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Forextamil
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