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