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ForexStoreau
May 10, 2019 1:35 AM

Descending wedge and BULLISH divergence on the 4 hour AUDUSD Long

Australian Dollar/U.S. DollarFXCM

Description

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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