USDCHF has been moving in a bullish uptrend for some time now.
There are several factors involved in the desicion to take a long position, but mainly I have used price action.
- Price is in an uptrend, and is following a bullish trendline.
- Price broke resistance, retested and has begun pushing higher. Indicating strength in the buyers.
- At the broken...
GBPUSD price has been in a bullish uptrend for a long time now, bouncing off the strong trendline in place.
- Price recently broke, retested and confirmed continuation in bulls marked at the white support point.
- There is a bullish trendline on the DAILY charts that price has adhered to.
- A small bearish trendline has been broken and retested on all time...
After some Swing Trading analysis, I have been looking at taking a Long position on GJ.
Using previous key points, Price recently returned to a bullish trendline after a positive move over the past several weeks. To back this up, price has broke above a previous resistance area.
I am now looking for a retest at the Resistance (Or new support) area as an entry,...
