The potential morning star on the AUDUSD daily chart points to a bear trap. Although the picture is only complete when the candle closes, a strong bullish momentum is already visible on the 4-hour chart. Before big bears look for a short once more, we need to see a higher pullback so that both the bullish momentum and upside risk can diminish.
AUDUSD regret break of February high
Strong bullish momentum has to diminish before bears take risk
