AUDCHF Reversal- H1

There is a lot to unpack here.

First, we see that this pennant pattern is soon to break to the upside.

Next, we see that there is divergence occurring with the RSI indicator and the Price action.

We would say go long here right around 0.7176 once this price action breaks these levels or resistance.

Let us know what you think!

Trade closed: target reached:

Our target was hit for a 55 pip win.