AUDUSD - RSI Convergence + Weekly Range Exceeded
1. Weekly Pivot wasn't touched (Rob Booker concept)
2. Boomerang Level was formed
3. Weekly Range Projection was exceeded (following week is reversal/retracement bias)
4. Price-RSI Convergence (high probability price could turn)
Refer to the link below to understand what is Boomerang Level
2. Boomerang Level was formed
3. Weekly Range Projection was exceeded (following week is reversal/retracement bias)
4. Price-RSI Convergence (high probability price could turn)
Refer to the link below to understand what is Boomerang Level
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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.