Hello traders! How's your trading last month? I hope this month will be a great month for all of us! I'm going to show you my trading opportunity for the AUD/USD pair, let's check it out!

Hello traders! How’s your trading last month? I hope this month will be a great month for all of us! I’m going to show you my trading opportunity for the AUD/USD pair, check it out!

trading
Pair AUD/USD has been performing really well against the US Dollar. The price managed to move up and reached 0.7190 level. There is a strong S/R area, former support of a triangle pattern that was broken early this year. This level could be a hurdle for this pair to move up.

On a lower time frame, Double Top pattern on Hourly chart could be a signal for a reversal.

double
Position: pending order SELL at 0.7145
SL & TP: around 0.7190 & 0.7045

*I will keep looking for the price movement. If the price closes above 0.7190, this pending order should be deleted for the double top pattern no longer exist.

Good Luck, Happy trading!

Rico FY
Forex Market Analyst and Trainer at PT. Mentari Mulia Berjangka