Overall, bulls are in control of the long-term market in USDCHF, however I see that this can quickly change in the coming weeks/months due to this wedge pattern that has formed. I believe that you should always be ready for what the market could potentially do, so I've got 4 points on what action I will take if the market does come to these certain points;
Point...
Not sure on fundamentals as I am a pure technical trader. BUT, AUDJPY has found and tested support at both of the 50&200 EMA's, bottom of the ascending channel and at the 82.00 support area too. Stochastic are showing oversold signals. The confluences add up for me so I took a long trade.
Would love and appreciate feedback as I am a new trader at 18 years old...
