Since the DXY (Dollar Index) is close to grab liquidity for a push to the upside I have this short idea in mind.
Gold broke out of a strong supportive trendline. Price founds his high and we are trying to entry of of a double top or 1900 touch back to the downside.
This is my analysis for EUR/AUD forming a head and shoulders formation. Also trying to retest the trendline to finish up the head and shouders formation.
Confirmations:
RSI oversold.
Support from ealier levels
Trendline support
Head and shoulders?