AUDUSD AUDUSD is in a channel on the 1 HR Timeframe. I would not trade solely on this pattern HOWEVER the price is also nearing a zone/support and the Rsi/stochastic is below the 30 level just backing up the long bias. Enter only if we can get a 3rd confirmation such as a Candlestick pattern (engulfing/doji) SL is 15 pips TP is 80 1/5 Risk to Reward Ratio Merry Xmas ladies and gents ;)