I was reviewing my previous idea, that AUDCHF will go up. Initially the trend was positive, but it stopped before reaching the target price. It started dropping after it reached the upper side of a downward channel. Perhaps it would be a good idea to consider multiple levels for take profit. Such as, if the price goes in the right direction, once first resistance level is reached, sell half and keep half, while adjusting the stop loss higher than original and maintaining the second target.
