Tips for trading AUD/USD

The trading plan for AUD/USD indicated an increase in prices.

The upward movement happened after the release of inflation data in the US, and continued today, thereby pushing the pair beyond the target level.

Congratulations to everyone who followed the strategy, as the gain amounted to as much as 1,700 pips! Traders should close long positions to gain profit, but another part may be held at breakeven until 0.69.

The trading idea followed the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.