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Intraday forecastAustralian Dollar vs. US Dollar technical chart
SymbolAUDUSD
Release TimeMon, 02/11/2019 - 21:35
Advisesell (limit) below R1=0.7095
Intraday
Short term
Yesterday range43
Yesterday high0.7104
Yesterday low0.706
Yesterday close0.7085
R30.717
R20.7105
R10.7095
S10.705
S20.703
S30.7
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.7095.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.705.
TP4: S2=0.703.
Set the stoploss of these orders at breakout of R2=0.7105.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.7105.
In this situation, there is an expectation to reach the target R3=0.717.
Set the stoploss of reverse orders at breakout of R1=0.7095.

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