Aud/Chf Can the uptrend continue? (Feedback appreciated)Forgive me I am not specialist when it comes to knowing all the bullish and bearish pattern formations YET. But it has been in a clear bullish channel for a while now. But recently its created higher lows and highs. It can continue to rise up as I have drawn. I can tell it is in a breakout formation to the upside or down is too early to tell.
Audchfsignal
AUD/CHF, DAY CHART, SHORT (27-NOV-2016)AUD/CHF is trading in the range between the resistance and support zone indicated.
In recent times, the price is trading in a downward channel.
The price is approaching the resistance zone and the upper side of the downward trendline.
We see the recent candlestick as a bearish pin bar.
If the bullish trend still remain strong, don't bother to entry as the potential reward/risk is not good.
Trade safely with proper risk management :)