AUDUSD: Your Trading Plan For Today 🇦🇺🇺🇸

Hey traders,

AUDUSD is currently trading within a peculiar zone of confluence:
we see a perfect match between a recently broken horizontal supply area and a falling trend line.
I expect a bearish accumulation within the underlined area.

Your confirmation to short will be a double top formation on 1H time frame.
0.6844 - 0.6854 is its neckline.
Wait for its bearish breakout (you need an hourly candle close below),
then sell on a retest.

Target will be 0.677
Stop will be 0.69

If the price breaks a yellow zone to the upside, the setup will be invalid.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

הערה:

Check my new idea on EURCAD: