AUDUSD Daily trading strategy 8 Apr 2020 H1
AUDUSD in H1 chart has potential to form a triangle flag, if the price in futures hours find support on the green line, and fail to breakthrough the previous high, the the price has high possibility to breakdown 0.59 again.
For the trading strategy, a market sell can be ordered with a stop loss above 0.623, or sell limit order on 0.619-0.62 with 50 pips of stop loss. Profit target is 0.595-0.59 .
For the trading strategy, a market sell can be ordered with a stop loss above 0.623, or sell limit order on 0.619-0.62 with 50 pips of stop loss. Profit target is 0.595-0.59 .