AUDUSD, Short to 0.70000

By Hoddgittoo
Daily TF has shown LH and LL. Yesterday, not only did we have a very strong bearish engulfing, we also had a double top to confirm this, with a break of the trend line. There is a strong 2h bearish wick off of the 50 Fib and a possible H&S pattern currently being formed. If bears take over, I believe it will drop down to 0.70000 and beyond.
Technical IndicatorsTrend Analysis

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