AUD/CAD showing exhaustion, trend reversal, long entry
Hi guys,
A typical pattern appeared again: The Australian Dollar is showing exhausting and a possible trend reversal is on the way.
A double bottom appeared with an RSI divergence. I will wait until the candles break the 20 SMA and close above it in order to enter.
This analyzis has been done on the 4H chart.
Thank you for reading :)
Ray
A typical pattern appeared again: The Australian Dollar is showing exhausting and a possible trend reversal is on the way.
A double bottom appeared with an RSI divergence. I will wait until the candles break the 20 SMA and close above it in order to enter.
This analyzis has been done on the 4H chart.
Thank you for reading :)
Ray
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.