- Top down analysis on AUDUSD
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On the 4 hour TF, we can see that price is at the resistance if the channel which is also very close to the resistance zone shown on the daily.
On the 4 hour TF, we can see that price is at the resistance if the channel which is also very close to the resistance zone shown on the daily.
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On the 15 minutes timeframe, we have seen a triple top formation in which price is currently at its resistance zone.
On the 15 minutes timeframe, we have seen a triple top formation in which price is currently at its resistance zone.
After the Bull Run that ended around August, market has been ranging on the daily timeframe. However, we can see a double bottom which price came back to retest its neckline and now heading to form a potential double top.