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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeSeptember 25, 2018 - 20:02
Advisebuy (limit) above S1=0.7235
Intraday
Short term
Yesterday range31
Yesterday high0.7281
Yesterday low0.725
Yesterday close0.7252
R30.736
R20.7305
R10.728
S10.7235
S20.722
S30.715
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7235.
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=0.722.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.722.
In this situation, there is an expectation to reach the target S3=0.715.
Set the stoploss of reverse orders at breakout of S1=0.7235.

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