globalfxkingz
Short

AUDCHF GREAT OPPORTUNITY

FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF on the daily chart has been travelling in a large descending channel , and inside that channel is a triangle which was broken out of to the downside, since then, price has formed a descending trendline , however we have reached a major reversal poinnt of this wave, we are at a major resistannce and also the 0.618 retracement level.

Price shot up from this area to the trendline where it rejected the trendline , If price breaks out to the upside of the trendline then we could see price move up to the top of the ascending channel or even the -0.217 extension level. If price breaks below the 0.618 and current resistance then price could move down to the next support zone marked out above
Comment: Price broke out of the triangle to the upside and we had 5 days to indicate long trades. almost at target which is the top of the blue channel
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