AUDUSD Spinning top
Spinning tops are characterised by smal real bodies and represent indecision in the battle between the bulls and bears.
If a largish green candle forms tomorrow it will produce a 3 candle 'morning star' formation which is a bullish signal. The candle would need to close above the 0.618 Fib area to be a perfect formation.
Target 0.72. Stop loss at 0.764 Fib
If a largish green candle forms tomorrow it will produce a 3 candle 'morning star' formation which is a bullish signal. The candle would need to close above the 0.618 Fib area to be a perfect formation.
Target 0.72. Stop loss at 0.764 Fib
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