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danny394143
Aug 8, 2018 3:46 PM

AUDUSD tested top of the triangle, pullback Short

AUD/USDOANDA

Description

AUDUSD tested top of the consolidation triangle, pulled back to .618.. than retested the neckline of the top. now heading to the bottom of the triangle. this is a second opportunity to short this pair. if the top of the triangle has been missed. there is a inside bar forming on 1H time frame if we need further confirmation, we can wait next 15min, at the time of writing, for the bar to close and than look for a break to the down side,, as upside break is likely to run into resistance quickly at this point.

Comment

trade stopped out, however price seem to be forming a double top (triple top), good idea to try one more short
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