AUD/USD: Precision Analysis for a Lucrative 2.5% Opportunity
Technical Analysis:
Red Line: It is a key level in both directions. If it is broken, either upwards or downwards, it indicates a potential long or short position based on the breakout.
Orange Line: This line represents the first target. It is a level where traders can consider taking profits or adjusting their positions.
Blue Line: Another key level that serves as a target. If this level is broken, it not only indicates a potential target but also provides an opportunity to increase the position size.
Stop Losses:
Stop losses are not fixed and depend on the specific trade situation.
The preference is to use tight stop losses, especially when trading based on one-minute intervals.
The choice of stop loss levels may vary depending on the individual trade and risk management strategies.
Red Line: It is a key level in both directions. If it is broken, either upwards or downwards, it indicates a potential long or short position based on the breakout.
Orange Line: This line represents the first target. It is a level where traders can consider taking profits or adjusting their positions.
Blue Line: Another key level that serves as a target. If this level is broken, it not only indicates a potential target but also provides an opportunity to increase the position size.
Stop Losses:
Stop losses are not fixed and depend on the specific trade situation.
The preference is to use tight stop losses, especially when trading based on one-minute intervals.
The choice of stop loss levels may vary depending on the individual trade and risk management strategies.
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I Successfully Scalped the Short Move and Closed Positions Earlier based on 1 minute trailing stop loss