Get started
JoeHayes

AUDCHF Channel Change

Long
Australian Dollar / Swiss Franc (FX:AUDCHF)  
JoeHayes Updated   
FX:AUDCHF   Australian Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators Parallel Channel aud chf AUDCHF wpattern hourly support Divergence tripledivergence
3
0
trendanalysis chartpattern indicator parallelchannel aud chf audchf wpattern hourly support divergence tripledivergence
Looks to be evidence of a channel change unfolding on AUDCHF. This level happens to be a 50% Fib retracement on Daily chart at support level. Multiple divergence confirms price action, and a W pattern seems to be setting up a long opportunity to test the top of the "new channel" with stops below.
Comment:
"new channel" = projected future channel.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.