PriceActionTrading
Long

AUDUSD CHANNEL BREAKOUT RSI DIVERGENCE.

FX:AUDUSD   Australian Dollar/U.S. Dollar
50 3 4
UPDATE : H4 PRICE BROKE AND IS RETESTING 0.7836 CURRENTLY.
THIS THE TIME TO ENTER?

D1 RSI DIVERGENCE.
LOOK FOR BREAK ABOVE AND TRADE AT RETEST AREA.
TRADE ONLY IF BULLISH PIN BAR IS FORMED WHEN RETESTING THE CHANNEL.
FALSE BREAK CONFIRMED ON D1.
BEARISH REJECTION PATTERN SEEN.

snapshot
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great outlook
Reply
thanks. monitor this trade. it could be finally be breaking out of channel today or tomorrow.
however i would only recommend trading the retest/ confirmation as overall trend is still bearish.
trade invalid if price creates false break.
+1 Reply
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