Double Top formation for AUDUSD ?
- Price is moving between support and resistance at around 40 pips range for about 27 4 hour bars equivalent to 6 days period.
- Appeared that price is hardly to break the resistance after trying to do so for 8 times and forming double top formation.
- If the price successfully break the support zone, I will opt for going short and targeting around 20 to 60 pips at 0.6936 and 0.6901 level.
- But if the support level continue to support the price, it is potentially to bounce the price back around 40 pips to 0.7000 BRN level.
- Appeared that price is hardly to break the resistance after trying to do so for 8 times and forming double top formation.
- If the price successfully break the support zone, I will opt for going short and targeting around 20 to 60 pips at 0.6936 and 0.6901 level.
- But if the support level continue to support the price, it is potentially to bounce the price back around 40 pips to 0.7000 BRN level.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.