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dcm2020

Possible descending triangle play on AUDUSD with RSI as trigger.

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
dcm2020  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Wedge Triangle Volatility Relative Strength Index (RSI) aussie AUDUSD trend shortterm
1
0
wedgepattern triangle volatility relativestrengthindex aussie audusd trend shortterm
Hi,

Im getting long AUDUSD as we have a short term descending triangle which is consolidating after a big jump higher (trend).
Also, RSI went to the 50 level which shows it is ready to continue moving higher.
I am short from 7033, SL: 7025. TP: 7050 (3:1 RR)

Thanks
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