AUDUSD, short.

2019-12-24 11:46:56

On the intradays, price has reached double top resistance in the form of a corrective 3rd touch ascending channel for a RE#1. I would however - be trading against the bullish daily closure. MACD is flat on the 1 hr indicating a slow down in bullish momentum. I am entering a short position based on double top resistance, ascending channel structure on its third touch and a flat MACD.