Descending wedge and BULLISH divergence on the 4 hour AUDUSD
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