KVE
Long

AUD/NZD: Wedge bounce based on RSI bullish divergence.

FX:AUDNZD   Australian Dollar/New Zealand Dollar
1006 11 21
This pair could possibly bounce in the wedge seeing that we have good RSI divergence at the moment.

3 possible targets are on the chart, SL below the lowest low in the wedge , targets based on fib levels of the last move down.

I entered at market @ 1.0978.
Trade closed: stop reached
This is chart which was supposed to be posted .as it depicts AUDNZD heading south .
AUDNZD to fall steeply off monthly trendline .
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KVE VimSharma
You might be right, we've broken down through the support line. Divergence remains, but no guarantees in trading!
Thanks for sharing your view!
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well, Im sceptic in this scenario due to China. Their economy is pulling down all comodity currencies....
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https://www.tradingview.com/chart/uC7YReqi/
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I believe it is heading south ,instead of north .
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Ziet er goed uit!
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KVE Yahia.Awes
Bedankt!
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hello is greaT CHART THANKS
But I wait
for a valid revers signal
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Congratulations! Your chart is being highlighted today. This is a great use of oscillator divergence to plan a complete trading idea.
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