AUDUSD Short
Updated
A rapid move probably from longs closing out their positions. Very clear double top formation could see this fall all the way to bottom of the channel. Stop just above the resistance line.
Note
Wow that moved rapidly back. The question is how much has it got to give?Note
A rapid retrace then further fall after clear resistance. Still short.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.