Hi, today we are going to talk about AUD/USD
In this day trade, we observe an excellent opportunity in the short term (Time frame H1). Details are highlighted above.
Thanks for reading, and have good trades.
With the breakout of this little accumulation given by the strength shown by the 20 and 100-day-moving averages, so we have a strong bullish movement, with 3 possibilities of exit targets, as shown in the chart above.
Support in the 20 and 100-day- moving averages and the 61% level of the Fibonacci, demonstrating so the beginning of the wave 3 (Elliott Waves) in the daily timeframe. The trend- Based Fib Extension show to us the $5.166,00 price level as our exit target, coinciding with the 200-day-moving average.