AUD/USD A Potential Drop Towards the 0.7645 Mark 🔨🔨🔨

💡 Trade Idea

📉 Sell Limit AUD/USD @ 0.7733

🎯 Target Profit 0.7645

🛑 Stop Loss 0.7777

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:

The price has been trading inside a bullish channel and succeeded to break it to the downside. A double top has been noticed near the daily resistance (0.7760) which indicates a potential reversal to the downside. Our expectation is a slight correction to the upside towards the 50% Fibonacci pullback (0.7732) and then a drop downward to the 0.7645 mark.