LDForex_

AUDUSD (Short)- Double Top Pattern

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
-A decent short setup of the double top pattern.
-Looking for a retracement of the supply zone around the 0.68609 zone.
-The 50EMA shows that price is below the EMA which indicates that the trend is in a downtrend and should be looking for sell signals.
-Price could continue to breakout the 0.68609.
-Looking for strong bearish candle confirmation to enter this trade.
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Comments

Great double top analysis, also expecting a drop on this pair
+1 Reply
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