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ForecastCity_EU
May 11, 2020 2:33 PM

Don't miss the great sell opportunity in AUDUSD Short

Australian Dollar/U.S. DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6511). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCHF 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 50.

Take Profits:
TP1= @ 0.6443
TP2= @ 0.6375
TP3= @ 0.6263

SL: Break Above R2
Comments
Kristalyn
Excellent! as always!
ForecastCity_EU
@Kristalyn, Thank you
Kamryn
I support your opinion, I think it will.
ForecastCity_EU
@Kamryn, 👍 👍
Forecast_Crypto
You are one of my favorite analysts!
ForecastCity_EU
@Forecast_Crypto, Thank you so much
Pro_Trader_007
Thanks a lot!!!!!!!!!!!!!!
ForecastCity_EU
@Pro_Trader_007, you're welcome
ng_forex
I think this time it may rise
ForecastCity_EU
@nikhilgautam7000, we hope
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