AUDUSD reversal to the downside

Strong uptrend over the previous 4 trading days. Volume recently stagnating indicating buyers may be losing momentum. Price is at a previous significant resistance area. A double top chart pattern has formed on the 2 hour chart time frame indicating the buyers may be losing momentum. I am biased towards a down move.

Trade chiuso: stop raggiunto:

The RBA announcement today sent the price upwards to the stop. I didn't think the announcement today would be significant as the interest rate decision is earlier in the month.