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.
Make sure to follow, like and comment your ideas/opinions on this pair!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.