AUDUSD: Potential Pullback Trade Explained 🇦🇺🇺🇸
Updated
AUDUSD is approaching a strong structure resistance.
On that the price formed a double top formation.
To catch a pullback you should wait for a bearish breakout of its neckline.
You need an hourly candle close below 0.723 - 0.725 area.
Then shorting on a retest your goals will be 0.7185 / 0.7145
If the price sets a new high, the setup will be invalid.
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