theangelwing

Currency to watch today : Aussie Double Topping ?

FX:AUDUSD   Australian Dollar / U.S. Dollar
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Aussie double topping inside main support - resistance levels (weekly and monthly pivot ) and have breached the support.
I see selling pressure on this currencies and the buy on dip strategy looks very risky, the next idea for this pair is sell on rallies if there's a pull back below 0.9156 or a break out short entry below last support at 0.9055

Analysis is based on simple candlestick pattern and Fibonacci pivot .
no indicator
Thanks for sharing.
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