AUD USD has fallen sharply in price in Forex

  • Jun 04 2021
  • by
  • Analyst AZA
AUD USD has fallen sharply in price in Forex

AUD USD has fallen sharply in price in Forex

The AUDUSD currency pair has fallen sharply in price in forex. Considering that this is not a volatile trading instrument, the drop in price by 80 pips is quite noticeable. Now a fractal has formed on a 4-hour time frame, under which a pending sell order can be placed. If soon this level is broken, then it is quite possible to join the bears and open a short position. It is better to fix the profit at the flat level of 0.7600 because it coincides with a strong support level, where the price fall can stop.

Symbol: AUDUSD
Order Type: Pending Order - Sell Stop
Entry Price: 0.7645
Take Profit: 0.7600
Pips Earning: 45

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The profit can be $450.00 if the trading volume of 100000 AUD (1 Lot).

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