francesgurton
Long

Bullish Flag - Long Oppotunity

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD is displaying a bullish continuation pattern in the form of a bullish flag .

A buy order has been placed just above the resistance line. A break above this resistance line would indicate a continuation of bullish movements following confirmation of a potential continuation of an uptrend.

- The RVI cross over further indicates a potential buying opportunity.
- The MACD is also negative and beginning to show bullish momentum, another signal for a potential buy opportunity
- The pair is trading above the 200 EMA .

I am new to trading, if you have any feedback on my analysis, feel free to comment!

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