AUD/USD Major-2 bottom done (Nikita FX )
AUD/USD had already hit wave Major-2 at 2nd Double bottom (0.6827).
It had also breached Pink, Black, and Brown Resistance lines. Especially Breaching
Brown line (0.4824(2001.9/17w)--0.6006(2008.10/27w)) means a complete bullish Recovery.
Since 0.6827, wave counting is still top pf wave 3 at 0.7835(Apr. 21). wave 4 is almost
finished (it should be holding above Brown line).
This initial wave 5 will be reaching beyond 0.8000.
I would say AUD/USD had started its long-term upward trend.
Nikita FX (climbingfx.jugem.jp/ )
It had also breached Pink, Black, and Brown Resistance lines. Especially Breaching
Brown line (0.4824(2001.9/17w)--0.6006(2008.10/27w)) means a complete bullish Recovery.
Since 0.6827, wave counting is still top pf wave 3 at 0.7835(Apr. 21). wave 4 is almost
finished (it should be holding above Brown line).
This initial wave 5 will be reaching beyond 0.8000.
I would say AUD/USD had started its long-term upward trend.
Nikita FX (climbingfx.jugem.jp/ )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.