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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeNovember 20, 2017 - 09:43
Advisebuy (limit) above S1=0.755
Intraday
Short term
Yesterday range72
Yesterday high0.7608
Yesterday low0.7536
Yesterday close0.7563
R30.764
R20.761
R10.759
S10.755
S20.7535
S30.7465
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.755.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.759.
TP4: R2=0.761.
Set the stoploss of these orders at breakout of S2=0.7535.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.7535.
In this situation, there is an expectation to reach the target S3=0.7465.
Set the stoploss of reverse orders at breakout of S1=0.755.

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