AUD/USD Shorting Opportunity on Strong Resistance
I Ideally would like to see a retest of the pivot high within the resistance zone, looking for a candle with a long shadow to form showing a strong bounce off of the resistance to confirm the change of trend. This would also form a double top pattern.
I would set a stop loss somewhere outside of the resistance zone highlighted below the extreme of the pivot high formed by the wick using your own stop loss placement strategy
I would set a stop loss somewhere outside of the resistance zone highlighted below the extreme of the pivot high formed by the wick using your own stop loss placement strategy
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