AUDUSD: Your Trading Plan For Today 🇦🇺🇺🇸
Updated
Hey traders,
AUDUSD is currently trading within a peculiar zone of confluence:
we see a perfect match between a recently broken horizontal supply area and a falling trend line.
I expect a bearish accumulation within the underlined area.
Your confirmation to short will be a double top formation on 1H time frame.
0.6844 - 0.6854 is its neckline.
Wait for its bearish breakout (you need an hourly candle close below),
then sell on a retest.
Target will be 0.677
Stop will be 0.69
If the price breaks a yellow zone to the upside, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
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