0.892 - 0.893 support is on focus.
if bears break and close below the structure, it will confirm bearish breakout of a rising channel.
+ take into account clear rsi divergence.
initial target 0.888
second target 0.881
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potential long setup on pound aussie.
on a weekly chart the market is approaching a strong support level.
on a daily we see a classic inside bar formation.
I will be waiting for a close above the mother candle to open a long position.
Initial target - 1.850
Second target - 1.885
Stop - 1.807