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Intraday forecastAustralian Dollar / US Dollar graphique technique
SymboleAUDUSD
Release Timeseptembre 15, 2020 - 20:43
Advisesell (limit) below R1=0.7325
Intraday
Short term
Yesterday range39
Yesterday high0.7303
Yesterday low0.7264
Yesterday close0.7288
R30.741
R20.734
R10.7325
S10.7265
S20.724
S30.719
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.7325.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.7265.
TP4: S2=0.724.
Set the stoploss of these orders at breakout of R2=0.734.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.734.
In this situation, there is an expectation to reach the target R3=0.741.
Set the stoploss of reverse orders at breakout of R1=0.7325.

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