GBPCHF is on uptrend. Price currently finished retracing and the countertrend line has been invalidated. Support region at the bottom was re-tested by the double bottom signaling a strong upward momentum about to happen.
AUDNZD is about to buy long term into the resistance zone to continue its uptrend. There are three very strong confirmations :
Double bottom on the support level, clear breach of the countertrend line and retest of countertrend line.
This is a 100% sure trade!
Forex is meant to be simple. All depends on the criteria used in judging the markets. The simpler the...
USDJPY for the past few weeks was trending down by the resistance effect creating a downward channel but recently the downward trendline was invalidated by the upward push, signaling a major change in trend. Take profit at previous resistance.
This is simple but excellent price action analysis!!
