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Intraday forecastAustralian Dollar vs. US Dollar technical chart
SymbolAUDUSD
Release TimeWed, 01/09/2019 - 19:38
Advisebuy (limit) above S1=0.7145
Intraday
Short term
Yesterday range33
Yesterday high0.7149
Yesterday low0.7116
Yesterday close0.7138
R30.7275
R20.724
R10.72
S10.7145
S20.712
S30.7035
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7145.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.72.
TP4: R2=0.724.
Set the stoploss of these orders at breakout of S2=0.712.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.712.
In this situation, there is an expectation to reach the target S3=0.7035.
Set the stoploss of reverse orders at breakout of S1=0.7145.

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