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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeMay 27, 2019 - 20:44
Advisebuy (limit) above S1=0.69
Intraday
Short term
Yesterday range53
Yesterday high0.6934
Yesterday low0.6881
Yesterday close0.6928
R30.702
R20.6965
R10.694
S10.69
S20.688
S30.6805
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.69.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.694.
TP4: R2=0.6965.
Set the stoploss of these orders at breakout of S2=0.688.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.688.
In this situation, there is an expectation to reach the target S3=0.6805.
Set the stoploss of reverse orders at breakout of S1=0.69.

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