Here we can see EUR AUD has been in a strong downtrend making lower highs and lower lows at bottom resistance level we can see price cannot break below it any further and make any new lows. So now descending trendline has been broken and currently on the break and retest where it lines up with our favourable fib zone. Great R:R as well.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.322.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3155.
TP4: S2=1.312.
Set the stoploss of these orders at breakout of R2=1.324.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=113.3.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=113.8.
TP4: R2=114.2.
Set the stoploss of these orders at breakout of S2=113.15.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3225.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3175.
TP4: S2=1.3155.
Set the stoploss of these orders at breakout of R2=1.3245.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.68.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6865.
TP4: R2=0.6885.
Set the stoploss of these orders at breakout of S2=0.678.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3265.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.332.
TP4: R2=1.335.
Set the stoploss of these orders at breakout of S2=1.3245.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.996.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9915.
TP4: S2=0.99.
Set the stoploss of these orders at breakout of R2=0.9975.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.999.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.994.
TP4: S2=0.9905.
Set the stoploss of these orders at breakout of R2=1.001.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6705.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6755.
TP4: R2=0.6775.
Set the stoploss of these orders at breakout of S2=0.6685.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1415.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.135.
TP4: S2=1.13.
Set the stoploss of these orders at breakout of R2=1.143.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.144.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.15.
TP4: R2=1.155.
Set the stoploss of these orders at breakout of S2=1.1425.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.55.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.6.
TP4: R2=149.
Set the stoploss of these orders at breakout of S2=147.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.
TP4: R2=148.4.
Set the stoploss of these orders at breakout of S2=146.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2725.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2815.
TP4: R2=1.2845.
Set the stoploss of these orders at breakout of S2=1.2695.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6535.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.658.
TP4: R2=0.6605.
Set the stoploss of these orders at breakout of S2=0.652.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=112.55.
TP4: R2=112.9.
Set the stoploss of these orders at breakout of S2=112.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.28.
TP4: S2=1.275.
Set the stoploss of these orders at breakout of R2=1.292.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=129.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=128.3.
TP4: S2=127.85.
Set the stoploss of these orders at breakout of R2=129.15.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
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