Toerezxer
Short

[1.3#2] Getting there

FX:AUDUSD   Australian Dollar/U.S. Dollar
22 0 1
As you may have been noticed, the "#" in the header is to denote a follow-up idea. In "1.3", it was anticipated that AUDUSD             would have a correction near the turquoise line. Now the price has passed that line, and there is RSI divergence in play. What we now need is the break of a previous structure level and an upward retracement for us to be able to catch the most advantageous point of entrance. The 4h chart also shows how overbought the pair is. One may wish to wait for an RSI crossover entry signal for this trade.
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