AUDUSD 60 PIP SELL
AUDUSD in my opinion is now reaching a turning point on the hourly chart due to the recent break of the bullish trend. Furthermore a recent double top formation has formed and we are now reaching towards the neck line which i think wont hold the momentum of the break. Along side this price has now come under the 50 EMA as well as the the recent crossover of the 10 EMA. With all these factors combined i can see the price reaching the most recent support/resistance in the previous trend. TP is set at 60 PIPS and SL set at 35 PIPS.
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