Earlier today I posted my first chart. This is a follow up on the AU
trade. I like to locate trends and probable entry points using longer periods, such as the Monthly. The upward trend on AU
is clear using the monthly chart. I wouldn't go as far to say that it is confirmed because AU
did gap this morning. If you are like me, you trade by the idea that all gaps fill, so I am reserved until I see a higher high and higher low. A retest of the 19MA will confirm the start of a channel to trade around.