AUDNZD hit strong down trend line after the rebound from historical low. (see related ideas)
Price also showing a nice RSI divergence confluence with price down hit 127% AB extension.
Profit taking at 50% retracement and stop above 127% extension giving a good R/R ratio. If price breaks above the down trend line, we can look for further long position.
Price also showing a nice RSI divergence confluence with price down hit 127% AB extension.
Profit taking at 50% retracement and stop above 127% extension giving a good R/R ratio. If price breaks above the down trend line, we can look for further long position.
