AUDUSD | Sell after confirmation!

2019-12-30 17:20:01

Hi,

AUDUSD has started to reach to the high-probability short-term reversal area. The price increase has been pretty amazing so, a bearish candlestick pattern inside the marked area is definitely needed.
Criteria:
1. 2x AB=CD
2. Channel projections crossing area
3. 2018 low should act as a resistance
4. The round number 0.70000
5. Fibo Extension and retracement
6. Wait for a bearish candlestick pattern formation from 4H timeframe - Evening Star or bearish Engulfing needed!


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Regards,
Vaido