AUDCHF LONG

Following a bullish spike on the weekly time frame, I;m anticipating price will continue with its bullish momentum, not only did it form a lower high on the daily time frame, price maintained above the 0.7050region. On the intraday chart, we got a rejection of 0.70821 in the form of a hammer with a spike insinuating that selling pressure is reducing. My target projection to the upside is 0.175, a TP of 65 pips with a stop set at -25