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ForecastCity_ME
Oct 27, 2020 10:11 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 (0.7155). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 0.7100
TP2= @ 0.7070
TP3= @ 0.7020

SL: Break Above R2

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Comments
Mesutkashmar
This is great. Very helpful. Thanks.
ForecastCity_ME
@Mesutkashmar, You're welcome! We're glad you found it helpful.
yusufipek1989
Thanks for sharing. I was waiting for an update for this pair.
ForecastCity_ME
@yusufipek1989, You're welcome! Thank you for your comment.
orlarleykandonrichard
What level do you advice I put my SL
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