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Descending wedge and BULLISH divergence on the 4 hour AUDUSD

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
ForexStoreau  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Descending Broadening Wedge wedgebreakout Divergence audusdlong
5
0
trendanalysis chartpattern indicator descendingbroadeningwedge wedgebreakout divergence audusdlong
Double bottom on the AUDUSD
The pair are trading between a descending wedge pattern signalling a reversal.
The 4 hour candles are signalling a bullish divergence on the RSI

Watch for the break out

Buy positions with stop losses below 0.6960 first target of 0.7100 and 0.7200 in extension
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