audchf (sideway) (trending) education purpose on Tue 4 Jul 66
The chart shows ranging structure in daily timeframes
The chat shows trend following structure in 2h timeframes.
1) price of this pair make higher highs and higher lows and broke out of trendline
2) the ema crossover indicate bullish momentum
this trade provide 3rr
the stoploss is previous low. (the low that reject downside and make higher high)
the target is fibonacci 0.786 retracement level that align with support become resistance level
The chat shows trend following structure in 2h timeframes.
1) price of this pair make higher highs and higher lows and broke out of trendline
2) the ema crossover indicate bullish momentum
this trade provide 3rr
the stoploss is previous low. (the low that reject downside and make higher high)
the target is fibonacci 0.786 retracement level that align with support become resistance level