Elite Swing Trader Signals AUDUSD – 13th May 2019
AUDUSD has been trapped within a range on the H4 chart. The price is roaming around a level where it bounced 2 times already. The last H4 candle closed within the support line too. As things stand with AUDUSD, the pair might go towards the upside by making a breakout at the range’s resistance level. Let us have a look at the H4 AUDUSD chart.
This is another trade idea generated by the Elite Swing Trader.
The price got held by the level of 0.69675 two times already. The very last H4 candle (the current candle) has been bullish so far. One before that closed within the support line. This means the support line could end up producing a triple bottom. If we consider the last double bottom, then the level of 0.70190 is the neck line of it. If the price continues to go towards the upside and makes an H4 breakout at the level of 0.70190, then buying the pair would get some green pips for the buyers. Summary of the trade…
- Entry: H4 breakout at 0.70193
- Stop Loss: 0.69628
- Take Profit: 0.70689
Many traders may want to take an entry right after an H1 breakout here. This may give a better risk and reward ratio, but gives less winning ratio. If the entry is taken after an H4 breakout that usually gives better winning ratio. As I always say, it is a trader’s personal preference how he wants to deal with his trade management. Both are good having their own pros and cons. Now choose the one that suits you best.
The Elite Swing Trader Trading Dashboard
With the Indicator, you can now have multiple charts open and wait for the Elite Swing Trader will highlight potential trades to your attention. Of course, without saying, you do not trade every signals. Instead, this is a massive time saver. You decide on the trades to take.
This is a time tested Ever Green Swing trading system. Learn more here…
Claim Your $60 No Deposit Bonus Here
All you need is to have your live account verified!
Of course, you need to open a live account...
2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!
We use both of these brokers and proudly promote them!NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.
Other Analysis Today