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
Comments
dead2live
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Heads up, sir. Tx for the cnfm!
dead2live
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Maybe not lolz
QuileHills
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Need to wait for bullish channel break. It will take a while to happen if it does happen.