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AidanMDang

AUDUSD Double Top + Structure, Rising Wedge, RSI Divergence

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
AidanMDang  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Fibonacci Double Top or Bottom Wedge aud USD AUDUSD
8
2
fibonacci doubletoporbottom wedgepattern aud usd audusd
AUDUSD is presenting us with an opportunity to short.

Price has formed a double top at a significant level of horizontal structure and channel resistance with clear RSI divergence, suggesting buyer exhaustion.

Price has also been moving in a rising wedge pattern.

If price continues to trend down, my first target will be the .382 and .618 Fib Retracement + Structure confluence level.

My second target will be the .5 and .786 Fib Retracement + Structure confluence level.

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Goodluck!

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