AUDUSD projection
As AUDUSD hit a huge dip during the month of March 2020 due to the coronavirus outbreak, we are now seeing it recover itself we are over currently over %50 recovery on its dramatic drop from March 2020. The month is now April we have seen market flow switch to a retracement on the daily, market structure however has not been broken, we might be retracing back to daily resistance. We are creating higher highs and higher lows, we now find ourselfs in a higher low, respecting trend line, creating a H1 Quasimodo, creating a break of market flow, retest and possible follow through. It is Sunday April 19th, which means that the market can go anyway, as it would always be that result but our job as traders is to piece together a high peobability trade and take it. This is my high probability trade. #AUDUSD #COVID-19 #PRE-RECESSION
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