TradingView
ForecastCity
Dec 21, 2020 3:03 PM

πŸ’‘ Don't miss the great sell opportunity in AUDUSDΒ Short

Australian Dollar/U.S. DollarFXCM

Description

β‹…
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

❀️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the πŸ‘ LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❀️ Your Support is very much πŸ™ appreciated! ❀️

πŸ’Ž Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❀️
ForecastCity English Support Team ❀️
Comments
Pro_Trader_007
β‹…
Thanks. Update AUDUSD
ForecastCity
β‹…
@Pro_Trader_007, You're welcome. Please check ForecastCity.com latest published ideas.
Josef_anderson
β‹…
Nice setup. thanks!
ForecastCity
β‹…
@Josef_anderson, You're welcome. πŸ‘
Kamryn
β‹…
Nice mentioning the two scenarios.
ForecastCity
β‹…
@Kamryn, We're glad you're following us. And we hope you enjoy it. Cheers πŸ‘
Kristalyn
β‹…
❄️ Thanks ❄️
ForecastCity
β‹…
@Kristalyn, You're welcome.
akpanhappiness11
β‹…
I have my eyes on this market
ForecastCity
β‹…
@akpanhappiness11, Β Thanks for your comment. We wish you good luck withΒ your trades.
More