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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeDecember 4, 2019 - 20:27
Advisebuy (limit) above S1=0.683
Intraday
Short term
Yesterday range47
Yesterday high0.6861
Yesterday low0.6814
Yesterday close0.6846
R30.6925
R20.689
R10.6875
S10.683
S20.682
S30.6755
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.683.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6875.
TP4: R2=0.689.
Set the stoploss of these orders at breakout of S2=0.682.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.682.
In this situation, there is an expectation to reach the target S3=0.6755.
Set the stoploss of reverse orders at breakout of S1=0.683.

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