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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeMarch 11, 2019 - 20:18
Advisebuy (limit) above S1=0.705
Intraday
Short term
Yesterday range49
Yesterday high0.7052
Yesterday low0.7003
Yesterday close0.7044
R30.72
R20.7125
R10.709
S10.705
S20.704
S30.6975
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.705.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.709.
TP4: R2=0.7125.
Set the stoploss of these orders at breakout of S2=0.704.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.704.
In this situation, there is an expectation to reach the target S3=0.6975.
Set the stoploss of reverse orders at breakout of S1=0.705.

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