ForecastCity_ME
Short

Don't miss the great sell opportunity in AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.714). 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= @ 0.7085
TP2= @ 0.7060
TP3= @ 0.7035

SL: Break Above R2

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Comments

Nice analysis as usual
+1 Reply
@Sir_Ray, Thanks 😊
+1 Reply
very clean!
+1 Reply
@Kristalyn, Thank you 🍀
+1 Reply
thanks
+1 Reply
ForecastCity_ME Forecast_Crypto
@Forecast_Crypto, You're welcome 💙
+1 Reply
Its perfect analysis Coach.
+1 Reply
ForecastCity_ME Pro_Trader_007
@Pro_Trader_007, Thanks for your comment 🍀
+1 Reply
Love the clean analysis, very nice
+1 Reply
ForecastCity_ME Josef_anderson
@Josef_anderson, Thank you 🍀 💙 😊
+1 Reply
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