AUDUSD cannot change the trajectory of its fall
The American dollar rate fell sharply after the opening of trading. Most of the currency pairs and commodity trading instruments that are traded with the dollar have dramatically changed their trend directions. But the rate of the Australian and American dollar currency pair could not change the trend and continued to fall. The fall in price was able to keep the strong support level of 0.7105, which coincides with the August minimum. Therefore, we placed our order to open a short position slightly below this level.
Order Type: Pending Order - Sell Stop
Entry Price at 0.7100
Take Profit at 0.7050
Pips Earning: 50
Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1300
USDJPY sell at the price of 113.30
GBPUSD sell at the price of 1.3290
USDCHF sell at the price of 0.9240
The result of a trade recommendation.
The profit can be $500.00 if the trading volume of 100000 AUD (1 Lot).