FX.co ★ Trading tips for AUD/USD

The earlier trading plan for AUD/USD indicated a potential price decrease and update of the yearly low located at 0.63600.

Plan

This scenario happened today during the opening of the trading session. That time, the pair broke through and hit a new yearly low, allowing traders to close positions and gain profit.

Development:

Congratulations to those who followed the strategy! The pair moved by as much as 1,500 pips.

As said above, short positions may be closed to get profit.

The trading idea was based on the "Price Action" and "Stop Hunting" methods.

Good luck! Don't forget to monitor the risks.