AUDCHF was travelling in a triangle marked out in blue but it has now broken out to the upside. while doing so price has formed an ascending channel,
We believe price is going all the way up to the furthest resistance zone from the previous large impulse move
A large descending channel is what price has been following, The most recent test on the channel was at the bottom of this channel. We saw a rally up from this test however it looks like its time to retrace before going back up to test or break out at the top of the channel.
Price has formed a triangle shown above and has broken out of it to the downside and has...