AUDUSD – Bearish Continuation

Following a Double Top , price recently broke and closed below the last swing low.
Price has now retraced to test broken support and the 50% Fibonacci level, with bearish candles appearing.
ADX is holding steady above 20, and the RSI is not oversold.

A decent short opportunity has presented itself, with decent RR on offer (1.8R on first target, 3R on 2nd target).

By admin