AUDUSD: short idea
Monthly:
- Expecting a continuation downwards after hitting monthly resistance
Weekly:
- retest of neckline after "M" formation
Daily:
- retest of neckline clearer with 0.618 fib confluence
- Possible reversal zone
4hr:
- double top formation
- break and retest of neckline with 0.5 fib confluence
- Expecting a continuation downwards after hitting monthly resistance
Weekly:
- retest of neckline after "M" formation
Daily:
- retest of neckline clearer with 0.618 fib confluence
- Possible reversal zone
4hr:
- double top formation
- break and retest of neckline with 0.5 fib confluence
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