Weekly Chart: AUDNZD dropped 13 weeks in a row. RSI is lower than 30% oversold
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Daily Chart: In daily time frame forming falling wedge pattern and also created a massive divergence in RSI.
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4 Hours Chart: Barely making a lower low in 4 hours time frame. If it drops more possible to open a long position in around 1.032.
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Please share your Idea on the comment. Thank you.
Ref:
Daily Chart: In daily time frame forming falling wedge pattern and also created a massive divergence in RSI.
Ref:
4 Hours Chart: Barely making a lower low in 4 hours time frame. If it drops more possible to open a long position in around 1.032.
Ref:
Please share your Idea on the comment. Thank you.
Note
As an expected took support from 1.032 and heading to the upside.Note
One more retest retest 1.032. Good enter opportunity 🤑🤑.Trade closed manually
Closing this long trade. Looks formed a Double Top pattern on Week Chart and I think it is not completed, still have room to go down until 1.006.
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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.