AUDUSD - Double Top Pattern - 25/04/2024

The AUDUSD pair has been exhibiting a robust uptrend characterized by consistently forming higher highs (HHs) and higher lows (HLs). However, a notable divergence was identified on the 1-hour timeframe, signalling a potential shift in momentum. Subsequently, a prominent Double Top Pattern has emerged, suggesting a possible reversal of the prevailing trend, contingent upon a decisive breach of the neckline.

Trade Call: Short
Entry: 0.64799
SL: 0.65400
TP1: 0.64230
TP2: 0.63640