Double top continuation entry model market structure is overall bearish
The trend from the higher timeframes is starting to shift and liquidity has been created as price was retracing to the upside. I have drawn a fibonacci retracement tool and this zone is in confluence with previous resistance levels from the left. A nice change of character during london session and stops above the zone will be good for a short position. Incase...
AUDUSD has broken support and price is now flagging back into the zone. I am basically waiting for a change of behavior to execute. My bias is bearish. My last area of value is the fibonacci area I have zoned out there.
This is a similar setup with EURUSD It’s basically a gap to be closed Next target -1.25 Don’t say I didn’t tell you
I see a potential EMA gap close coming up till 1.09 area
#gapclose Confluence Rejection of 0.68 Resistance Break of structure Next target 0.67 OANDA:AUDUSD
If DXY drops below 93.5, AU is heading to 0.76. Nice Risk:Reward opportunity. #thinking in probabilities
Provided we break above that minor key level
If Dollar loses strength, UJ shorts are highly probable
Long term move coming ahead especially if DXY drops.
Day Trade that short but remember we are in an overall uptrend.
Wait for a clear retest and sell to Support Level -1.26700
Buy into RESISTANCE LEVEL 0.88900 with a S.L at 0.88250
Sell