TradingView
paulsandhu
Mar 30, 2018 1:47 AM

Downward wedge w/ RSI divergence Long

Australian Dollar/Japanese YenFXCM

Description

A great long opportunity has been presented as there is a bullish downward wedge formation on the AUDJPY at a key level. In this formation is bullish RSI divergence as well as bullish momentum has been confirmed on the daily. There is potentially a bearish Gartley forming on the 4h. However, in my opinion the daily formation outweighs the Gartley. Fundamentally, the markets are back on risk-on mode, which is bullish.
More