AronBara

"FREE MONEY PATTERN"? AUDUSD Daily Short, RSI Divergence

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FX:AUDUSD   澳元/美元
trading RSI divergences like this mostly always worked for me. AUDUSD seems overextended here, but be cautious, the dollar is not looking very healthy atm. The three targets are a structure support, .23 and .38 fibonacci retracement. I would try to scale in with for example, let's say, 30k, 10k each one of the 3 positions - just to be safe, I would take one TP at structure support, the other one at .23 and let the last one 'till .38. but you can also take one position and then cut it down gradually.
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