AUDUSD Short idea
We saw a strong reversal from our monthly resistance zone last week. A double top formed on the 4hour timeframe and presented a bearish transition after a break and retest of our 0.69000 level.
From the current level we want to see strong bearish confirmations further confirming this transition which would result in more bearish volume stepping into the market.
Look for those bearish setups and look to target lower toward our next major support around 0.67500
We saw a strong reversal from our monthly resistance zone last week. A double top formed on the 4hour timeframe and presented a bearish transition after a break and retest of our 0.69000 level.
From the current level we want to see strong bearish confirmations further confirming this transition which would result in more bearish volume stepping into the market.
Look for those bearish setups and look to target lower toward our next major support around 0.67500