AUDCHF getting ready for a buy
The past month on the 4h timeframe has demonstrated and confirmed a trend reversal of AUDCHF. I’ve identified an ascending triangle at which price is coming to the end and attempting breakthrough of its ceiling 0.57496.
Reasons to long:
- Momentum is facing up and positive
- Stochastic is overbought, upward facing, and over 50 with %D above %K
- Price is in an uptrend
- Price is above 100EMA
- Price is currently retesting it’s resistance level
What I’m waiting for:
- Price to close above 0.57496
Reasons to long:
- Momentum is facing up and positive
- Stochastic is overbought, upward facing, and over 50 with %D above %K
- Price is in an uptrend
- Price is above 100EMA
- Price is currently retesting it’s resistance level
What I’m waiting for:
- Price to close above 0.57496
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