Interesting setup on the daily chart for AUD/CHF with a potential breakout, price has been trading within this area since early 2015. We have just broken out of a rising wedge to the upside (as apposed to the downside) and we're now approaching a major level of resistance, the question is will we see a bounce or break?
I'll be looking for additional analysis to capitalise on this move either way :)
Selling into consolidation, then break to the upside. doesn't seem to have enough steam through the waves to be a powerful elliot. I think the p.a. will question it similar to us traders. Just a thought