TheForexSamurai

A trend reversal trade setup - 2618

Short
FX:AUDUSD   Dollaro australiano / Dollaro
A formation of a double top and a 61.8 fib retracement for a short/sell opportunity. Expecting price not to create a new high after this market formation. Targets on the previous market recent lowest price (close/open) and on another pattern completion which is a bullish butterfly and could be another potential long/buy setup depends on future market/price action.

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