Short Opportunity for AUDCHF

6 May 2020

The pair has recently broken out of a long-term channel (red trendlines). It has now finished the retest on the 1H time frame, and i am looking to open a short-term short position. This trade has a good risk-reward ratio and seeing that the channel it has just broken is potentially a bearish flag formation, i believe that we will have a higher probability of a successful trade