LONG ON AUD/CHF

Price has broken out of the resistance area of a long term downward channel at a major support area.

It has tested the same area as support and has currently been holding showing a very promising hammer candle.

Here is the play I will be taking on this pair:
P =0.69465
SL = 0.68865- 60 PIPS
TP = 0.70889 - 141 PIPS