The following is the four hour chart of AUDCHF as of Feb. 19th, around 12 AM EST. If you observe the chart you can see that it is going in an ascending wedge. It looks like it is breaking the bottom trend line of the wedge. If there is a strong candlestick formed breaking the bottom trend line of the ascending wedge it’s a good opportunity to enter a sell trade. Moreover the CCI and Stochastics haven’t reached the oversold region yet. I will observe the hourly chart and if a strong bearish candlestick is formed breaking the bottom trend line it’s a good opportunity to enter a sell trade. What do you guys say?

Check the following pictures of AUDCHF currency pair.

AUDCHF Four Hour Chart:

AUDCHF Four Hour Chart

AUDCHF Hourly Chart:

AUDCHF Hourly Chart