AUDCHF Watch for bullish up move

Long

Australian Dollar / Swiss Franc (OANDA:AUDCHF)

Updated

OANDA:AUDCHF Australian Dollar / Swiss Franc

chartpattern flagpattern parallelchannel priceaction structure pattern impulse correction

Hello traders:

Looking at AUDCHF price action for the buy potential.

WE can see that from the previous HTF continuations, price has impulsively break up to the upside.

Naturally, after a strong bullish run, price needs to correct, and we are seeing a deep, HTF bullish flag/parallel channel in the making.

Latest price action had a descending channel, t the bottom of the overall price action. Good sign of reversals

Watch for price to complete the descending channel, breaking up impulsively, and watch for LTF continuation correction for the buys.

Thank you

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