GBPAUD 22-26 [NOV] Analysis - Double Top?
Updated
Here I have noted a double top (not very clean) on the H4 TF. Secondly, H1 TDI is showing a short entry for current position. This may indicate price will move down towards the neckline and will present a short entry if PA manages to pass the resistance and will provide 70 pip opportunity. I have also highlighted many imbalances that will need to be filled below the neckline as well which could encourage PA in that direction.
Trade active
Neckline has been reached. Opportunity for short here with 50-60 pip target.Trade active
H1 candle also closed with a bearish engulfing candle.Trade closed manually
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