ForecastCity

💡 Don't miss the great sell opportunity in AUDUSD

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.755). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40 .

Take Profits:
TP1= @ 0.7460
TP2= @ 0.7420
TP3= @ 0.7370

SL: Break Above R2

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Comments

Thanks. Update AUDUSD
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome. Please check ForecastCity.com latest published ideas.
Reply
Nice setup. thanks!
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, You're welcome. 👍
+1 Reply
Nice mentioning the two scenarios.
+1 Reply
@Kamryn, We're glad you're following us. And we hope you enjoy it. Cheers 👍
Reply
❄️ Thanks ❄️
+1 Reply
ForecastCity Kristalyn
@Kristalyn, You're welcome.
Reply
I have my eyes on this market
+1 Reply
ForecastCity akpanhappiness11
@akpanhappiness11,  Thanks for your comment. We wish you good luck with your trades.
Reply