** AUDCHF Trend Analysis + Triangle Formation **
Good Day Beautiful People,
As you can see an uptrend channel has just been formed here.
The recent movements of price created a triangle too. There are two scenarios here, either it stays in the channel and a bullish breakout out of the triangle will happen or the price goes bearish and breaks the channel.
As always we have to wait and see how the price will react to these formations.
I wish you all a lovely day ;)
As you can see an uptrend channel has just been formed here.
The recent movements of price created a triangle too. There are two scenarios here, either it stays in the channel and a bullish breakout out of the triangle will happen or the price goes bearish and breaks the channel.
As always we have to wait and see how the price will react to these formations.
I wish you all a lovely day ;)