Reasons:
1. Clear upward market structure
2. retracement to a clear fibonacci level (38.2)
3. retracement to a weekly and daily resistance now turned support.
STAY SWEET!
Hello everyone! The market has reached a weekly level and formed double bottom support. This is a clear indication of a reversal back up. I am still fairly new to trading so please feel free to leave any feedback for improvement. Thank you and stay sweet.
AUDCHF has been on a downtrend for about two months. It has finally reached a weekly level and is stalling forming a double bottom pattern indicating a move up. Gonna look for possible entries in the next couple days.
AC reaches a critical point at a daily trendline and a weekly key level. Price Action from a Morningstar candlestick pattern further indicates that the price is going to reverse back up. Looking for entry at a long position. May the trade gods be in your favor.
