TheTradingDistrict

AUDCHF - flag pattern breakout plan

Short
FOREXCOM:AUDCHF   Australian Dollar / Swiss Franc
Price is forming a rising flag pattern indicating a bearish breakout. We expect price to either (i) break at the lower trend line of the pattern or (ii) continue up and reject from previous resistance before breaking the pattern to the downside.

Target will be the base of the flag pattern
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