AUDJPY: price is trading in a channel and currently in a support zone; we wait to see what happens before taking a buy or sell trade.
On a smaller timeframe, there is a trendline; if price breaks from it - then we buy; if it rejects, we sell.
EURCHF: price has been on a downtrend and formed a double bottom chart pattern while breaking out of the trend.
price also formed a wedge while approaching the current support zone (support 1.) a breakout from the chart pattern will signal a buy trade.
EURCHF: price has been on a downtrend and formed a double bottom chart pattern while breaking out of the trend.
price also formed a wedge while approaching the current support zone (support 1.) a breakout from the chart pattern will signal a buy trade.
