SHORT for AUDUSD Double Top Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jul 19, 2017 10:53 AM

FX_IDC:AUDUSD We spotted a rejection twice on the 0.7450-0.7480 range (H1 and H4) thus, forming a Double Top Pattern. AUDUSD is expected to go south soon for about 35-40 pips from the current price. The Entry, Target Profit, Stop Loss are as follow:

Entry Level (Now): 0.79350
Target Profit 1: 0.78950
Target Profit 2: 0.78300
Stop Loss: 0.7965

Hopefully, AUDUSD will reach its expected target soon.

Good Luck with your Trading!

Cheers,

KeyFx