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TB305

LONG ON AUD/CHF

Long
Australian Dollar / Swiss Franc (FOREXCOM:AUDCHF)  
TB305  
FOREXCOM:AUDCHF   Australian Dollar / Swiss Franc
Parallel Channel Support and Resistance Supply and Demand AUDCHF audchflong breakout LONG buy downward-channel retest support
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parallelchannel supportandresistance supplyanddemand audchf audchflong breakout long buy downward-channel retest support
Price has broken out of the resistance area of a long term downward channel at a major support area.

It has tested the same area as support and has currently been holding showing a very promising hammer candle.

Here is the play I will be taking on this pair:
P =0.69465
SL = 0.68865- 60 PIPS
TP = 0.70889 - 141 PIPS
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