Double bottom on the AUDUSD
The pair are trading between a descending wedge pattern signalling a reversal.
The 4 hour candles are signalling a bullish divergence on the RSI
Watch for the break out
Buy positions with stop losses below 0.6960 first target of 0.7100 and 0.7200 in extension
The pair are trading between a descending wedge pattern signalling a reversal.
The 4 hour candles are signalling a bullish divergence on the RSI
Watch for the break out
Buy positions with stop losses below 0.6960 first target of 0.7100 and 0.7200 in extension
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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.
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.