AUDCHF won't make it easy for bears
AUDCHF is in a long-term downward trend.
The next logical target would therefore be the lows of March 2020 - the beginning of the corona pandemic... what were those times....
We know that the market rarely makes it easy for traders. Most recently, there were signs of stagnation in the downward trend.
With the March 2020 low looking inevitable, the market will do the opposite. And it will probably not only stagnate, but scare all the late bears out of the market with a long, agonising upward move.
This is a long-term long trade for position traders with an excellent RRR and two possible take profits.
The next logical target would therefore be the lows of March 2020 - the beginning of the corona pandemic... what were those times....
We know that the market rarely makes it easy for traders. Most recently, there were signs of stagnation in the downward trend.
With the March 2020 low looking inevitable, the market will do the opposite. And it will probably not only stagnate, but scare all the late bears out of the market with a long, agonising upward move.
This is a long-term long trade for position traders with an excellent RRR and two possible take profits.
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