AUDCHF Channel breakout setup

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This pair has lost its momentum and started to move sideways.

Considering that we are at a key support level and 50 moving average at 4 hour chart is violated and retested this bullish move can lead to a channel breakout.

Either way we will not engage until the channel is violated.

Good luck.
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snapshot
Multiple Time Frame AnalysisParallel ChannelSupply and Demand

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