I am not too fond of AUDUSD these days. The ranges are so small even the system is struggling to make money in this pair. On my EJ chart, the Y-axis range is 800 pips, on the EU chart the range is 400 pips, and on the AUD chart of the same size the range is a measly 250 pips – that’s how much the pair has moved in the past 4 weeks!
Nevertheless, I’ve decided to take the signal generated here and I am long as follows:
Long $400/pip AUDUSD @ 1.0555, with a stop at yesterday’s low of 1.0510.