AUDUSD short, elliot wave analysis, double top

17 May 2020

AUDUSD

AUDUSD has done the impulse wave and finished the 5th wave at around 0.6550. Made it a top and traded in the range for two weeks. And it now made a double top this last trading week which shows weakness of the trend. We can expect a correction until it reach the 618 fib retracement which is pretty significant level.

You can like and comment of my analysis, and i am open for conversation and suggestions.

Thanks everyone have a nice trading week.