AUDCHF: HTF CURVE ANALYSIS (3W) - UPTREND

✨ AUDCHF: HTF CURVE ANALYSIS (3W) ✨ (UPTREND)

BLO1 @ 0.5632 - TRIGGERED
BLO2 @ 0.5566 ⏳
TP1 @ 0.61564
TP2 @ 0.6500
TP3 @ 0.6866
TP4 @ 0.73143
TP5 @ 0.7585
SLO1 @ 0.7685 ⏳
SLO2 @ 0.7725 ⏳

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BLO = BUY LIMIT ORDER
HTF = HIGH TIME FRAME
PA = PRICE ACTION
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT

NOTE: Our BLO has triggered but further analysis shows a potential area of interest between 0.5575 to 0.5546. Due to market conditions, PA might not make it back down to this area. However, if it does, I have a set up there to grab an deeper entry for this long term trade. Let's see what happens.

Long-term time frames (1 week to 1 year):

— Shows the big picture, revealing major trends and economic factors.
— Less volatile, price movements are slower and smoother.
— Suitable for long-term trend trading and position trading.
— Requires less frequent monitoring but may offer fewer trading opportunities.