"FREE MONEY PATTERN"? AUDUSD Daily Short, RSI Divergence
trading RSI divergences like this mostly always worked for me. AUDUSD seems overextended here, but be cautious, the dollar is not looking very healthy atm. The three targets are a structure support, .23 and .38 fibonacci retracement. I would try to scale in with for example, let's say, 30k, 10k each one of the 3 positions - just to be safe, I would take one TP at structure support, the other one at .23 and let the last one 'till .38. but you can also take one position and then cut it down gradually.
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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.