AUDCHF- 4H - Breakout from Consolidation

5 Nis 2016

I posted this a couple weeks ago sayin to look for shorts if we respect the trendline. Now we might be on the edge for the next big impulse down. Since im not in yet i will be looking for an entry if we can make new lows below the original breakout (so 7250). aggressiv stop is shown on the chart. conservative stop is above the recent consolidationswing or all the way above the D-completion of that messy looking cypher.

We can very much see one more big picture downwave here, so the targets are adjusted to potentially capitalize on that

5 Nis 2016

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