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

Australian Dollar/U.S. DollarFXCM

Description

⋅ Feb 2, 2021 4:14 PM

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.76060).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.

Take Profits:
TP1= @ 0.75630
TP2= @ 0.75440
TP3= @ 0.75170
TP4= @ 0.74830
TP5= @ 0.74500
TP6= @ 0.74040

SL: Break Above R2

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Comments

Megan_forex

⋅ Feb 2, 2021 4:29 PM

I have the same view.

ForecastCity_ME

⋅ Feb 2, 2021 5:02 PM

@Megan_forex, Great to know that. Thank you for your comment.

Sophi2018

⋅ Feb 2, 2021 4:18 PM

Amazing chart. I learn a lot from you. Thank you very much

ForecastCity_ME

⋅ Feb 2, 2021 5:02 PM

@Sophi2018, You're very welcome! We hope you enjoy it.