FX:AUDCHF   Australian Dollar / Swiss Franc
3
Price made a symmetrical triangle on 4 hour chart and break to the down side should push price to 0.7200. It would be good retracement, where possible to buy. But if price will bounce up now I will take a risk and will go long. This triangle is a consolidation and this consolidation is near the weekly line. Break that line to the up side should and price can go as far as 0.8500. This weekly line is a Neck line for the weekly H&S pattern. If no such break, H&S pattern is invalid.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.