AUDUSD POTENTIAL SHORT OPPORTUNITY

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Hello Everyone!

How are you all?

AudUsd is a pair to watch this week, because it is shaping up very nicely for short trend reversal that we can capitalize on.

So, I will be looking for short trend reversal because of the following reasons:

1. Potential Double Top

2. The price has completed a two low structure.

3. The price is approaching the value area.

Game Plan:

If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a 1hr flag with two highs and lows.

Entry : will look for a risk entry within the flag or a reduced risk entry on the breakout of the flag.
הערה
The price has come to the value area, awaiting a bearish impulse.

כתב ויתור

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