Reversal pattern on AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
Hi guys,

here we are, looking at AUDUSD and searching for a reversal pattern on lower timeframes. That's because this pair has reached a key structure level on the daily timeframe and that makes me believe we could see a rally off of that level. Of course, i want to have additional confirmation before entering a trade and here you can see a small period of consolidation followed by a break of structure to the opposite direction. Plus, we have RSI divergence on both 4hr and daily timeframe , along with an engulfing candle on the 4H. This gives me enough proofs to enter a trade, with stops below the low and targets as shown.

If you have questions/ideas, feel free to share down below.
Otherwise, see you in the next chart!
Trade closed: stop reached
Se sei d'accordo, lascia un mi piace! Grazie
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