MarlyForex
Long

AUDUSD Trend Continution Setup

FX:AUDUSD   Australian Dollar / U.S. Dollar
83 2 13
-- STRONG BUY ZONE
-- SL CAN BE EXTENDED FOR POTENTIAL BREAKOUT AND RETEST
-- price expected to hold above 0.7430 as price broke out of consolidation.
-- Therefore Resistance has turned Support
Trade closed: target reached
Strong RSI divergence... it's going to 0.723 before continuing the rising trend.
You also draw a wedge which is bearish :)
Reply
appreciated ;)
+1 Reply
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