AUDCHF - Trade Plan

Notes on chart.

To mention again:

• Pair is in a downtrend, but the occurrence of an inverted head and shoulders pattern could see a change of trend.
• A second bearish flag is currently drawn. Its not valid but if it holds price, then we can resume the downtrend.
• If price breaks out of the second assumed bearish flag, then the inverted head&shoulders would indeed validate a change of trend to bullish.

AUDCHF - Trade Plan, Renko Charts