AUDUSD 240 long – flag pennant at the centerline of a channel

We have been in a confirmed channel since 3 Sept 2019 with 3 bottom and 2 top touches. Currently climbing from the bottom of the channel with a classic flag pennant that is stalled just below the centerline of the channel. Looking for an upside breakout and a rise to the top of the channel. Hopefully the RSI will give us some love by breaking the trendline.

Longer term if this pattern does complete and rise to the top of the channel, it looks like the channel may be the start of a change to an UT.

Comment:

Here it is marked with a possible trade and an ABCD pattern.

Order cancelled:

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