FX.co ★ torp.paris | AUD/USD

#AUD/USD (Australian Dollar / US Dollar). This currency pair/instrument on the H1 timeframe offers the opportunity to profit by forecasting its medium-term movement. Our task is to correctly identify the current trend on the higher timeframe H4 and find the most precise entry point into the market to gain profit. We open the chart of our instrument with a 4-hour timeframe and observe the direction of the current trend. We see that today the market provides an excellent opportunity for long positions. Next, we use the indicators of three indicators - HamaSystem, RSI Trend, and Magnetic_Levels_Color.

According to the signals of the Hama and RSI Trend indicators, we catch the trend on the H1 timeframe with a bullish interest when both indicators are colored in blue and green, respectively, emphasizing the advantage of buyers over sellers. When all necessary conditions are met, we boldly open a long position. We will exit the market according to the signals of the magnetic levels indicator. The most interesting levels for today to work with are - 0.66082. Then we will carefully monitor the behavior of quotes on the approach to the magnetic level on the chart, and decide whether to hold the position in the market until the next magnetic level or to take profit already obtained.