GBPAUD 240 short – RSI trend break and failure swing
Updated
Possible but not confirmed break in the UT (since 30 July 2019) on 16 Dec 2019. To confirm the break we would see a new LL. Current observations are a break in the RSI trend accompanied by a formation of a failure swing. Looking to see a break in the PA trendline as a trigger to enter the short trade – if it happens this would break both dynamic support (in blue) and a previous HL (in green). Sorry for the teeny tiny chart I am working on my laptop.
Trade active
PA break below trendline, entered trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.