ForecastCity
Short

A good 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 (0.6373). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDUSD is in an up trend 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 43.

Take Profits:
TP1= @ 0.62490
TP2= @ 0.62030
TP3= @ 0.5977

SL: Break Above R2
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Comments

Amazing stuff as usual. Thank you
+4 Reply
@john-19, You're welcome. we hope you make good profit out of it.
+3 Reply
I've put in my trade Hope to hear again from you Thanks
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Thanks for your comment.
Reply
I've put in my trade Hope to hear again from you Thanks
+2 Reply
ForecastCity Alexander_007
@Alexander_007, Great! please follow us here for more ideas
+1 Reply
Well done Fantastic graph and comments.
+2 Reply
ForecastCity Alexander_007
@Alexander_007, We're happy you liked it.
+1 Reply
I agree with your idea. I think 1.3987 will support the price so I already set a few orders around it that you also mentioned as a good place to buy.
+2 Reply
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