Long AUDUSD (flipped view)

٢٧ نوفمبر ٢٠١٩

This is a flipped view of AUDUSD, that to me gives a better picture of the pair. Right now it double topped and in previous times on this pair a double top/bottom has been respected. A rising wedge has also formed and a false breakout. Right now it broke out and is retest. Stop loss is a bit above the previous highs and take profit is at a point of major support.