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Intraday forecastAustralian Dollar vs. US Dollar technical chart
SymbolAUDUSD
Release TimeMon, 04/15/2019 - 21:29
Advisebuy (limit) above S1=0.716
Intraday
Short term
Yesterday range18
Yesterday high0.7182
Yesterday low0.7164
Yesterday close0.7172
R30.722
R20.72
R10.719
S10.716
S20.715
S30.7085
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.716.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.719.
TP4: R2=0.72.
Set the stoploss of these orders at breakout of S2=0.715.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.715.
In this situation, there is an expectation to reach the target S3=0.7085.
Set the stoploss of reverse orders at breakout of S1=0.716.

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