Possible descending triangle play on AUDUSD with RSI as trigger.
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
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.