AUDUSD is currently in a bearish trend. However, a bullish divergence has formed on the RSI, signaling potential weakening of the downside momentum. I will look for a buy opportunity with a buy stop order placed above the most recent lower high (LH). The trade setup will be activated only if price breaks above the LH, confirming a possible shift in structure and validation of the divergence signal."
Optional TradingView-style Idea Title:
"AUDUSD | Watching for Bullish Reversal on RSI Divergence and LH Break"
Optional TradingView-style Idea Title:
"AUDUSD | Watching for Bullish Reversal on RSI Divergence and LH Break"
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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.