hi traders , community members and friendsfirst of all , i'd like to remembre that daily time frame is good for identify trend and patterns .but when decide trading . i advice to use smaller time frame to make trading decisions . and in considration daily overview .AUDCHF - DAILY TIME FRAMEstrong resistance @ 0.75623 , price couldn't broke it twice but in first 0.75623 touch the price was still in major down trendin the second touch 0.75623 the price is change his trend into major up trend .we identify trend change into up by : 1- price is broke major down trend line into up .2 - daily closes above moving averagage 100 and 200 , and MA 100 CROSS MA 200 ABOVE .after moving averages crossover price now in " pullback " stage , during pullback price form continus trend patterncall " pannet " , " pannet " price target like we knew .now with scinarios :AUDCHF current rate near 0.73218PANNET price targe near 0.79044-TRADER 1 (consecutive trader) : may wait for daily close above 0.75623,then enter buy- TRADER 2 ( he use moving averages for H1 OR H4 ) : may enter only buy when close cross moving above , andbeacuse he use smaller time frame , he use smaller stop loss too .thank u and now with the chart
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