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 the suggested resistance line (0.7385).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 42.

Take Profits:
TP1= @ 0.7331
TP2= @ 0.7289
TP3= @ 0.7239
TP4= @ 0.7195
TP5= @ 0.7150

SL: Break Above R2

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Comments

Brilliant explanation. Thank you.
+1 Reply
Thanks @Lizabet, You're very welcome!
Reply
This is great.
+1 Reply
ForecastCity Sophi2018
@Sophi2018, Thank you
Reply
Very cool view, thanks for sharing.
+1 Reply
ForecastCity davidgolandak
@davidgolandak, You're very welcome!
Reply
very helpful!
Reply