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ForecastCity_ME
Jun 22, 2021 9:14 PM

💡Don't miss the great sell opportunity in AUDUSD Short

FX:AUDUSD1D
Australian Dollar/U.S. DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7562).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 37.



Take Profits:
TP1= @ 0.7402
TP2= @ 0.7245
TP3= @ 0.7004
TP4= @ 0.6853
TP5= @ 0.6673

SL: Break Above R2

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Trend AnalysisChart PatternsTechnical IndicatorsAUDUSDaudUSD
Comments
arunfiddler
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Actually on a weekly TF it gives confirmation for sell as you mentioned. Will see on action. Keep rock'n man!!
ForecastCity_ME
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@arunfiddler, Thank you for your feedback. We appreciate it.
shubhamjha9522
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It already touched the support line and already one month low , so it will bounce back and go high upto 0.79 or 0.80 and try to touch all time high.
shubhamjha9522
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not possible
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