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francesgurton
Aug 23, 2020 9:47 PM

USD/AUD Double Top Formation Short

US Dollar/Australian DollarSaxo

Description

The 4H chart is showing the formation of a possible double top.

If the price continues to fall down to the neckline, we could see a nice short trade set up here.

The MACD and the RVI indicate that price may temporarily reverse as bears come into power.

Confirmation? I will wait for the price to break the neckline before entering a short trade.
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