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Jimbololoy

AUDUSD short, elliot wave analysis, double top

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Jimbololoy  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Double Top or Bottom Wave Analysis Trend Analysis doubletoppattern elliotwaveanalysis 618 Fibonacci Retracement correctionwave AUDUSD shortsetup
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doubletoporbottom waveanalysis trendanalysis doubletoppattern elliotwaveanalysis 618fibonacciretracement correctionwave audusd shortsetup
AUDUSD

AUDUSD has done the impulse wave and finished the 5th wave at around 0.6550. Made it a top and traded in the range for two weeks. And it now made a double top this last trading week which shows weakness of the trend. We can expect a correction until it reach the 618 fib retracement which is pretty significant level.

You can like and comment of my analysis, and i am open for conversation and suggestions.

Thanks everyone have a nice trading week.

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