Double Top @ previous resistance // Harmonics // IF=THEN ®
AUDUSDDouble top forged; (eventual sell here!)
Or wait the price to break the neck, It must find some support below it, eventualy the monthly trend line that is acting as support also, and a retracement to the 61.8% zone should be a sign of a trend continuation downward, target one eventual AB=CD basic pattern, this is the 161% extension;
Synced with a bullish harmonic pattern, the 61.8% retracement is the 2nd take profit zone for this lady;
Safe tradeS;
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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