TheForexSamurai

A trend reversal trade setup - 2618

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FX:AUDUSD   Dólar Australiano/Dólar Americano
A formation of a double top and a 61.8 fib retracement for a short/sell opportunity. Expecting price not to create a new high after this market formation. Targets on the previous market recent lowest price (close/open) and on another pattern completion which is a bullish butterfly and could be another potential long/buy setup depends on future market/price action.

Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.

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