AUDNZD Double Top

9 Apr 2019

After the very big long trade from the previous analysis, think a short scalp might be worth it here. Looks like a double top in the making now, also because it went up in a straight line, so a decent correction becomes more likely now as well. Only danger i see now is, that it becomes a triangle. If you see a slow drop staying above the triangle support, you can always get out again around break even. For a real double top, it should drop like the red line shows.


Previous analysis:

9 Apr 2019

Catatan

Was worth the scalp, because the stop was just 20 pips away. Now it seems like it was a small shake out. As we know in crypto as a Bart move: break up and dump even faster. If it continues to drop like this, it is probably the temp high. So i might take it one again.