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francesgurton

USD/AUD Double Top Formation

Short
U.S. Dollar / Australian Dollar (SAXO:USDAUD)  
francesgurton  
SAXO:USDAUD   U.S. Dollar / Australian Dollar
Chart Patterns Double Top or Bottom Technical Indicators USD aud usdaud Double Top Forex short
2
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chartpattern doubletoporbottom indicator usd aud usdaud doubletop forex short
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.
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