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A trend reversal trade setup - 2618

FX:AUDUSD   澳幣 / 美元
A formation of a double top and a 61.8 fib retracement for a short/sell opportunity. Expecting price not to create a new high after this market formation. Targets on the previous market recent lowest price (close/open) and on another pattern completion which is a bullish butterfly and could be another potential long/buy setup depends on future market/price action.

Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
You gotta give this thing more room to work out
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@Spiderweb, thanks for your input but upon my personal speculation and analysis, i was expecting market to reverse but it didn't happen, still its a good losing trade for me.
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