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dcm2020
Jul 18, 2019 1:59 PM

Possible descending triangle play on AUDUSD with RSI as trigger. Long

Australian Dollar/U.S. DollarFXCM

Description

Hi,

Im getting long AUDUSD as we have a short term descending triangle which is consolidating after a big jump higher (trend).
Also, RSI went to the 50 level which shows it is ready to continue moving higher.
I am short from 7033, SL: 7025. TP: 7050 (3:1 RR)

Thanks
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