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ForecastCity_ME
Dec 14, 2020 10:13 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 (0.756). 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= @ 0.7500
TP2= @ 0.7485
TP3= @ 0.7450

SL: Break Above R2

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Comments
davidgolandak
Good job! Thanks for sharing
ForecastCity_ME
@davidgolandak, We're happy to help!
Lizabet
I agree with you.
ForecastCity_ME
@Lizabet, Thank you for sharing your feedback.
swadeshsingh0123
can i buy current price or we should wait for 0.7560 reverse rejection?
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