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ForecastCity_ME
Jun 28, 2021 10:53 AM

💡Don't miss the great sell opportunity in AUDUSD Short

FX:AUDUSD60
Australian Dollar/U.S. DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7598).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 44.

Take Profits:
TP1= @ 0.7564
TP2= @ 0.7537
TP3= @ 0.7510
TP4= @ 0.7493
TP5= @ 0.7472

SL: Break Above R2

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Trend AnalysisChart PatternsTechnical IndicatorsAUDUSDaudUSDaudusdshortaudusdanalysis
Comments
Sophi2018
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Many thanks for sharing this chart.
ForecastCity_ME
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@Sophi2018, You're welcome! Thank you as well for your comment.
Mesutkashmar
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Good work! 👍 Nice idea.
ForecastCity_ME
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@Mesutkashmar, Thank you for your comment. We appreciate it.
tamilchetty
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As said its a big sell 👍👍👍👍but when we expect a buy
sophiasait02
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Will it touch 1.7616 range again in this week?
sophiasait02
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Could u please make a chart on eur usd . Making continous loses not able to figure out wherther to hold and wait for recovery or to close the order to prevent biggerlosses
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