AUDCHF - A Long Setup to 0.7766
On a break of the Daily Channel, I anticipate AUDCHF to go to 0.7766 or higher to complete AB = CD pattern.
0.7766 area is a previous support zone which may act as resistance.
** This is a positive carry trade so you will be paid swap for holding long entries. **
** Once a break happens, you can add to your winners using the 23 or 34EMA from H1 time frame or adding to your winners once RSI (14) goes to oversold on H1 ... Keep riding it up to 0.7766*
0.7766 area is a previous support zone which may act as resistance.
** This is a positive carry trade so you will be paid swap for holding long entries. **
** Once a break happens, you can add to your winners using the 23 or 34EMA from H1 time frame or adding to your winners once RSI (14) goes to oversold on H1 ... Keep riding it up to 0.7766*