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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeJanuary 18, 2018 - 19:50
Advisebuy (limit) above S1=0.796
Intraday
Short term
Yesterday range82
Yesterday high0.8023
Yesterday low0.794
Yesterday close0.7967
R30.81
R20.8065
R10.8025
S10.796
S20.794
S30.7865
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.796.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.8025.
TP4: R2=0.8065.
Set the stoploss of these orders at breakout of S2=0.794.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.794.
In this situation, there is an expectation to reach the target S3=0.7865.
Set the stoploss of reverse orders at breakout of S1=0.796.

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