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Australian Dollar / U.S. Dollar
Short

AUDUSD: Potential Pullback Trade Explained 🇦🇺🇺🇸

By VasilyTrader
Updated
snapshot

AUDUSD is approaching a strong structure resistance.
On that the price formed a double top formation.

To catch a pullback you should wait for a bearish breakout of its neckline.
You need an hourly candle close below 0.723 - 0.725 area.
Then shorting on a retest your goals will be 0.7185 / 0.7145

If the price sets a new high, the setup will be invalid.

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Check my new idea on AUDCHF:
AUDCHF: Important Breakout & Bullish Continuation 🇦🇺🇨🇭
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