AUDUSD 01-04 [APR] Analysis - Double Top on H4

Updated

Here we are seeing a double top on AUDUSD which would setup a short entry at the neckline. We could potentially see a 70 Pip move down. On top of this AUDUSD is just below long term resistance pf .755 which would further support a short if it holds.

Note

Still waiting for trade to pass neckline. Will close Sell Stop if PA passes the double top but looks like we may see some downtrend soonish

Trader-TO

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