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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeTemmuz 23, 2019 - 20:34
Advisesell (limit) below R1=0.702
Intraday
Short term
Yesterday range26
Yesterday high0.7057
Yesterday low0.7031
Yesterday close0.7034
R30.7095
R20.703
R10.702
S10.6985
S20.6955
S30.691
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=0.702.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.6985.
TP4: S2=0.6955.
Set the stoploss of these orders at breakout of R2=0.703.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.703.
In this situation, there is an expectation to reach the target R3=0.7095.
Set the stoploss of reverse orders at breakout of R1=0.702.

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