f2capital

AUD/USD Short Opportunity

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD Short : The trade is already in the initial stagesof taking profit but there is much more room for pips to the downside. Twin peaks/ double top resistance (highligted in yellow ovals) are confluent with the 4hr Fibonacci retracement at 61.8% and indicates a continuation of the bearish trend to 3 targets, as shown on the chart.
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.