Like the infamous game, the AUD CHF is giving us 3 choices for what it could be setting up to do.
1ST CHOICE- SIDEWAYS, THEN BULLISH BREAKOUT
The pair had formed and broken out of a large Pennant before pulling back to test the Resistance. It has started to U-turn and looks as if it could be getting ready to resume the breakout. However, it could resume the breakout after moving sideways in a smaller range before breaking long.
DAILY CHART
The other possibility is that the bullish signal appear…
1ST CHOICE- SIDEWAYS, THEN BULLISH BREAKOUT
The pair had formed and broken out of a large Pennant before pulling back to test the Resistance. It has started to U-turn and looks as if it could be getting ready to resume the breakout. However, it could resume the breakout after moving sideways in a smaller range before breaking long.
DAILY CHART
The other possibility is that the bullish signal appear…