AUDCHF - Sell Setup Forming!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

AUDCHF is approaching a strong supply area in green so we will be looking for sell setups on lower timeframes.

on H4: AUDCHF is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)

Until the sell is activated, AUDCHF would be overall bullish and can still trade higher.

And of course, as AUDCHF approaches our lower blue support, we will be looking for buy setups.

Good luck!

~Rich