GBPAUD 22-26 [NOV] Analysis - Double Top?

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.

Handel aktiv:

Neckline has been reached. Opportunity for short here with 50-60 pip target.

Handel aktiv:

H1 candle also closed with a bearish engulfing candle.

Trade stängt manuellt