USD/AUD Double Top Formation
The 4H chart is showing the formation of a possible double top.
If the price continues to fall down to the neckline, we could see a nice short trade set up here.
The MACD and the RVI indicate that price may temporarily reverse as bears come into power.
Confirmation? I will wait for the price to break the neckline before entering a short trade.
If the price continues to fall down to the neckline, we could see a nice short trade set up here.
The MACD and the RVI indicate that price may temporarily reverse as bears come into power.
Confirmation? I will wait for the price to break the neckline before entering a short trade.