RCP
Short

AUDUSD: Prompt setup

FX:AUDUSD   Australian Dollar/U.S. Dollar
We have potential double top formation right in the structure resist Red Zone.

As I see price is going as I assume and will enter the Red Zone the next week.
Stops go above the Red Zone and targets could be both supports.

Wish you a good trading day.
Hi , If you look 240 min chart than its take the breakout retest channel and probably you are right but as the price goes lower it would be buying opportunity I can say 0.7305 is the final stop ahead and the target is 0.7575. Hope for sucess
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RCP FXKOPPA
Hi there. Thanks for the replay. Yes you are right. I don't think price will make new lows. As the support structure is very strong and keeps lows, we may be looking for the move like this:
snapshot


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Thanx for your furthur input
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RCP FXKOPPA
You are welcome.
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As I see Price has entered the Red Zone. I look forward the reversal the next week.
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