Roberto_C

REVERSAL PATTERN:DOUBLE HIGH ON DAILY CHART

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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Hi all, AUDUSD is on weekly timeframe in a trading range between 0.7750 and 0.7150. On daily timeframe we can see a double high. if the price brake 0.75 we can trade short on the pullback at 0.75, stop loss at 0.76, take profit at 0.7250. https://uk.tradingview.com/chart/sFFiHnjR/
Comment: After reaching the 0,75 level, the price stationed on that level forming two indecision day-candle. Today we see a good reaction up. So we didn't enter short cause there's no price action pattern to go short on that level.