AUDUSD looks like its struggling to get down past this level yet again. could be a chance to grab some quick profit.
Or it may go longer term and move higher. But with the rate cuts its highly unlikely
Id be definitely looking for a move up to 0.674-0.675. Then it may look to reverse and move lower.
Any questions feel free to ask.
Ben
#PipGainFX
pair climbed high breaking the highest res zone , forming a new zone, however price is dropping , DOUBLE TOP POTENTIAL, after break of neckline and price pushing below , zone low , strong sell must be anticipated.
Cypher pattern completion at 1.43207
This is also a break and close below previous higher low which could indicate a reversal.
Trade 1
if price reaches "D" completion then look for long trade -
Target 1 - 1.44259
Target 2 - 1.44587
Trade 2
Potential reversal from 50% retracement - short trade
