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

Australian Dollar/U.S. DollarFXCM

Description

⋅ Oct 27, 2020 9:56 PM

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7155). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 0.7100
TP2= @ 0.7070
TP3= @ 0.7020

SL: Break Above R2

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Comments

mubaarikyoosuf

⋅ Oct 28, 2020 2:33 PM

move accordingly

ForecastCity

⋅ Oct 28, 2020 3:05 PM

@mubaarikyoosuf, Thank you for your comment.

Babak406

⋅ Oct 28, 2020 1:16 PM

you great man ,well done

ForecastCity

⋅ Oct 28, 2020 3:05 PM

@Babak406, Thank you for your support.

luisf4790

⋅ Oct 28, 2020 8:53 AM

excellent analysis, with waith for price action to go short. many thanks

ForecastCity

⋅ Oct 28, 2020 9:40 AM

@luisf4790, Thanks for your kind comment. 💎🙏💎

Mesutkashmar

⋅ Oct 27, 2020 10:17 PM

I think I'm gonna trade this one. Wish me luck.

ForecastCity

⋅ Oct 27, 2020 10:34 PM

@Mesutkashmar, We hope you get the most out of it. Good luck.

DenizKilicDeniz

⋅ Oct 27, 2020 10:08 PM

You rock, thanks for sharing this chart.

ForecastCity

⋅ Oct 27, 2020 10:14 PM

@DenizKilicDeniz, It's our pleasure! Thank you for your support.