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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeMay 22, 2019 - 01:37
Advisebuy (limit) above S1=0.687
Intraday
Short term
Yesterday range63
Yesterday high0.6929
Yesterday low0.6866
Yesterday close0.6883
R30.6965
R20.693
R10.6905
S10.687
S20.686
S30.6795
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.687.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6905.
TP4: R2=0.693.
Set the stoploss of these orders at breakout of S2=0.686.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.686.
In this situation, there is an expectation to reach the target S3=0.6795.
Set the stoploss of reverse orders at breakout of S1=0.687.

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