AUDUSD IDEA - USE APPROPRIATE RISK MANAGEMENT WHEN ENTERING
-AUDUSD RECOVERY POST CORONA CRASH
-AUDUSD BULL PRESSURE BROKE KEY LEVEL
-MARKET CORRECTION CURRENTLY IN BEARISH MOMENTUM
-BREAKEVEN ON BEAR MOMENTUM
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The Situation H1 :-
- 5 Day MA (Moving Average - Green) crosses 10 Day MA (Yellow) - Bull (see first thumbs up)
- 5 & 10 Day MA cross 50 Day MA (Red) - Bull (see second thumbs up)
- See Top Fib level for swing price action, predictive indicators below;
1) As long as 50 Day MA stays below 5 & 10 Day MAs - Bull/ Level Broken Higher Highs
2) If 5...