AUDCHF was travelling in a triangle, until price broke out to the downside and came back up to retest the triangle and also the descending trendline formed from the triangle.
That is where we locked in the short trades as shown further down in our Trading view feed, we have now entered another entry - LETS GO !
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...