The Audusd currency pair has been ranging inside a daily pennant for several weeks. The chart below also shows some mid-range support at parity level (1.0000) Based on my usual method of trading pennants, I require the triangle to narrow down towards the tip of the range, where a resulting breakout would be higher- probability, with less chance of being a fake breakout. I will also look at the alternative. Due to the choppiness of the smaller timeframes, I have decided to concentrate on the daily chart. Although the weekly gives the impression of higher highs in store, since forming double tops, those higher lows ... (full story)