Possible descending triangle play on AUDUSD with RSI as trigger.
71
Hi,
Im getting long AUDUSD as we have a short term descending triangle which is consolidating after a big jump higher (trend). Also, RSI went to the 50 level which shows it is ready to continue moving higher. I am short from 7033, SL: 7025. TP: 7050 (3:1 RR)