Sagefx

AUD/USD possible short scenario

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
here we have a good oppurtunity to short Aud/Usd and possibly most other AUD pairs as it is extremely overbought and has also tested the weekly trendline resistance and dropped. Right now, we have a possible H&S pattern on the 4 hour tf and price is right under a 4 hour trendline resistance and also fib 61.8 resistance. Very good risk to reward on this high probability setup so lets see how this plays out.