Today in forex trading the USD had some strength and the AUD was weak. The AUD/USD dropped on the D1 trend cycle. It should continue down to the 7040-50 area. We would scale out lots here and exit when it stalls. The USD/CHF moved higher. We would exit this buy as an intraday trade as the charts are choppy and hard to read. The GBP/AUD made a strong move up. The H4 uptrend is formed so we would scale out lots here then hold some until the H4 stalls. We don't know if a larger uptrend will form on the GBP/AUD.
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Three (3) professional trading systems, 28 forex pairs, gold and crypto currencies. Join us for our weekly Spaces on X.