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Intraday forecastAustralian Dollar / US Dollar graphique technique
SymboleAUDUSD
Release Timedécembre 3, 2021 - 00:36
Advisesell (limit) below R1=0.712
Intraday
Short term
Yesterday range36
Yesterday high0.712
Yesterday low0.7084
Yesterday close0.7093
R30.7215
R20.714
R10.712
S10.708
S20.706
S30.7
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.712.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.708.
TP4: S2=0.706.
Set the stoploss of these orders at breakout of R2=0.714.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.714.
In this situation, there is an expectation to reach the target R3=0.7215.
Set the stoploss of reverse orders at breakout of R1=0.712.

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