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Intraday forecastAustralian Dollar / US Dollar graphique technique
SymboleAUDUSD
Release Timenovembre 26, 2020 - 20:44
Advisebuy (limit) above S1=0.7335
Intraday
Short term
Yesterday range49
Yesterday high0.7373
Yesterday low0.7324
Yesterday close0.7362
R30.743
R20.7415
R10.7375
S10.7335
S20.7325
S30.726
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7335.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.7375.
TP4: R2=0.7415.
Set the stoploss of these orders at breakout of S2=0.7325.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.7325.
In this situation, there is an expectation to reach the target S3=0.726.
Set the stoploss of reverse orders at breakout of S1=0.7335.

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