Trendhopper
Short

AUDUSD - 5TH WAVE IN CHANNEL - SHORT THE DOUBLE TOP

FX:AUDUSD   Australian Dollar / U.S. Dollar
5 wave pattern developing in the channel...i'm expecting 5th wave to finish around previous high of .77300, then a double top formation ..short on the 2nd top for potential big gains... ensure price has fallen out of channel and broken support line..will take 2-4 days so don't rush in.....
Comment:

Has fallen out of channel....Im watching to see if it can make a\ higher high...structure says it probably wont and instead will make a shoulder like the one on the left....i may enter a shere..SL above the blue resistance trendline....could be a big move down...potential bat pattern....
Comment: short not shere!!!
Comment:
Comment:

Waiting to get in on a short for the 'C' wave....
daily chart

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