Hi everyone:
Looking at AUDUSD for sell setups from the top.
We see on the higher time frame, price hit a double top and then had a sell move down.
Price action begin to form a channel structure, correcting itself up once more, potentially hitting the top to form a triple tops.
What I like about the last bit of price action is the structures that is forming.
I would be looking for sell setups from the structure if we get continuation corrections on the lower time frame.
Thank you
Looking at AUDUSD for sell setups from the top.
We see on the higher time frame, price hit a double top and then had a sell move down.
Price action begin to form a channel structure, correcting itself up once more, potentially hitting the top to form a triple tops.
What I like about the last bit of price action is the structures that is forming.
I would be looking for sell setups from the structure if we get continuation corrections on the lower time frame.
Thank you
Note
Note
Recent double tops and ascending channel structure.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.