Possbily 550 PIP AUDCHF Setup Top Down Analysis

In this analysis we go over multiple confluences from seeing a key resistance being broken to it now retracing down to find support and continue in the upward direction. We are about to hopefully see the 50EMA cross the 200EMA we are very nearing the approach. I expect to see an outbreak towards the upside sometime soon in the future. I would actually place buy stops shortly above because we know the direction we just don't know when were still in minor retracement period. You'll notice the stop loss is a little high on this one I recommend trailing it accordingly in the near future.