AUDUSD FALLING WEDGE
"A falling wedge represents a temporary interruption of a rising trend" - Pring
I would like to see the following confirmations before going long:
1.) Full trading range above the upper trend line / above Fib 50%
2.) A reversal in the commodities index represented here by the histogram (currently still seeing lower lows)
3.) A positive cross on the MACD
4.) RSI over 50%
I would like to see the following confirmations before going long:
1.) Full trading range above the upper trend line / above Fib 50%
2.) A reversal in the commodities index represented here by the histogram (currently still seeing lower lows)
3.) A positive cross on the MACD
4.) RSI over 50%
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