So here we have formed what looks like a potential mirror pattern at the 30k level.
This could easily create a huge move higher in a short space of time, i'm talking 1-2 days so be careful.
If we break below the pink line clearly then this pattern is invalidated.
Check out my youtube video for a full breakdown in more detail.
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
If you like what you see please don't forget to like and leave a comment, and let us exchange ideas.
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...