AUDUSD long on a pitchfork

FX:AUDUSD   Australischer Dollar/U.S. Dollar
53 2
see the pitch fork, how the lower median line contained the price. If that is broken, this trade in invalidated.
Kommentar: LML broken, trade cancelled
Looks great, are you currently using the Awesome oscillator for your lower indicator? If so, what are your settings? It looks like the price is holding the pitchfork channel well, but Chikou Span is below current price action. Should we wait for that to cross back above to take long? Just curious! Thanks for your help
Antworten TraderR0BERT
Ideally if we see a bullish engulfing candle, going long would be safer since then. For AO, I just use default setting. Please note I am still a novice and please take your decisions on your own. Discussion is always fine. We have Ichimoku_Trader who is an expert in this area.
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