AUDCHF Long
The monthly chart already gives me a lot of information. The last candles were all bullish, and now we have a nice wick rejection. The weekly chart clearly shows the weekly trend and has closed above the last two weekly candle highs. This indicates clear momentum. Based on the monthly and weekly charts, I have all the important information:
clear direction
target
I manage my trades in the daily chart and 4-hour chart. Daily chart: We can see that we are now in a bullish structure. So, the long correction is over, and we can expect a new high.
That doesn't mean we can't fall a bit more before continuing the bullish trend!!!
clear direction
target
I manage my trades in the daily chart and 4-hour chart. Daily chart: We can see that we are now in a bullish structure. So, the long correction is over, and we can expect a new high.
That doesn't mean we can't fall a bit more before continuing the bullish trend!!!
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