AUDUSD
Trading is all about confluences and probabilities.
Price made double top at 0.7890 and making range with neckline at 0.7573
Price now is making a bearish bat pattern whose PRZ (potential reversal zone, also potential triple top) is in line with structural resistance offered by double top and 38.2% Fib C.
The overall trend is bearish. The price has retraced to 38.2 Fib level and is expected to go south and complete AB=CD pattern at 0.7249 zone.
T1= 0.7573
T2= 0.7249
Price made double top at 0.7890 and making range with neckline at 0.7573
Price now is making a bearish bat pattern whose PRZ (potential reversal zone, also potential triple top) is in line with structural resistance offered by double top and 38.2% Fib C.
The overall trend is bearish. The price has retraced to 38.2 Fib level and is expected to go south and complete AB=CD pattern at 0.7249 zone.
T1= 0.7573
T2= 0.7249
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