I've been long since earlier today on this pair. I saw some reversal candles indicating that the trendline did hold and the price had bounced. Currently I am down 46 pips, have my fingers crossed on this one, but not too worried yet since it is the daily chart. Plus I searched and found your chart and got a bit more confidence.Do you think the rising channel on AUD/USD's daily chart will hold? This pair has been at it for nearly three months now! The next support seems to be at the 1.0400 area, but is a breakdown possible anytime soon?
Setup was long at 1.0489 (market), Stop at 1.0400, Target at 1.0700.