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Intraday forecastAustralian Dollar vs. US Dollar technical chart
SymbolAUDUSD
Release TimeMon, 06/10/2019 - 20:38
Advisebuy (limit) above S1=0.695
Intraday
Short term
Yesterday range58
Yesterday high0.7022
Yesterday low0.6964
Yesterday close0.6999
R30.706
R20.702
R10.699
S10.695
S20.6935
S30.6865
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.695.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.699.
TP4: R2=0.702.
Set the stoploss of these orders at breakout of S2=0.6935.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6935.
In this situation, there is an expectation to reach the target S3=0.6865.
Set the stoploss of reverse orders at breakout of S1=0.695.

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