This pair got rejected recently on the 1D MA200 (orange trend-line) as it was rising from August lows but right now is ahead of a strong bullish signal, which last time started a very strong multi-month rally.
That is the 1D MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross, which last time it happened on June 09 2020 started a Channel Up and never revisited that low. Based on this fractal I am expecting AUDUSD to hit the 1.5 Fibonacci extension by the end of this year and set a long-term Target Zone within the 2.0 - 2.5 Fib Zone by mid 2022.
So far this is in line with my multi-year view as posted in July:
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That is the 1D MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross, which last time it happened on June 09 2020 started a Channel Up and never revisited that low. Based on this fractal I am expecting AUDUSD to hit the 1.5 Fibonacci extension by the end of this year and set a long-term Target Zone within the 2.0 - 2.5 Fib Zone by mid 2022.
So far this is in line with my multi-year view as posted in July:
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Aviso legal
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.