AUDCHF Channel breakout setup

FX:AUDCHF   Australian Dollar / Swiss Franc
This pair has lost its momentum and started to move sideways.

Considering that we are at a key support level and 50 moving average at 4 hour chart is violated and retested this bullish move can lead to a channel breakout.

Either way we will not engage until the channel is violated.

Good luck.
Trade closed: target reached:
agree with you. Maybe set to go even higher

FXTurkey SN_Doumet
@SN_Doumet, nice chart, sure it may rally higher as you mentioned but our trading style is closer to daytrading so we're out at 0.75's
SN_Doumet FXTurkey
@FXTurkey, fair enough :)
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