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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeSeptember 24, 2018 - 21:29
Advisebuy (limit) above S1=0.7225
Intraday
Short term
Yesterday range31
Yesterday high0.7281
Yesterday low0.725
Yesterday close0.7252
R30.736
R20.7305
R10.728
S10.7225
S20.721
S30.714
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7225.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.728.
TP4: R2=0.7305.
Set the stoploss of these orders at breakout of S2=0.721.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.721.
In this situation, there is an expectation to reach the target S3=0.714.
Set the stoploss of reverse orders at breakout of S1=0.7225.

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