I'm going to continue to watch this descending channel AUDNZD has formed over the past month and a half or so.
What I'm looking for is a bullish break. It's showing some slight bullish divergence on the 4H RSI and when this pair reverses, breaking a channel it tends to move strongly and quickly.
With the current view after seeing a bullish channel break I will likely get into a long position with the final TP around 1.11
What I'm looking for is a bullish break. It's showing some slight bullish divergence on the 4H RSI and when this pair reverses, breaking a channel it tends to move strongly and quickly.
With the current view after seeing a bullish channel break I will likely get into a long position with the final TP around 1.11