After completing the double top pattern, the audusd now formed a double bottom with good RSI divergence in the oversold area.
The break of the resistance line would be a good probability confirmation to go long with first target at the 38.2% retracement, but price might stall at 0.7426 resistance. Most aggressive stop at 0.7411, or lower if you prefer a safer trade.
Happy Trading!
The break of the resistance line would be a good probability confirmation to go long with first target at the 38.2% retracement, but price might stall at 0.7426 resistance. Most aggressive stop at 0.7411, or lower if you prefer a safer trade.
Happy Trading!