AUDCHF Contracting Triangle – Waiting for Breakout ConfirmationAustralian Dollar/Swiss FrancFX:AUDCHFClearTradingMind AUDCHF on the 1-hour chart is forming a contracting triangle 🔺, showing consolidation after a downtrend. From an SMC perspective: 🟩 Demand + OB (Order Block) zone holding strong near 0.51900 🔄 Previous CHoCH shows buyer interest ⏳ Waiting for BoS (Break of Structure) confirmation above the triangle Plan: * Breakout Entry: Above 0.52400 after retest 🔓 🎯 First Target: 0.52770 – 0.52800 (≈ 37 pips from breakout) 🛡 Invalidation: Below 0.51900 (demand failure) Reasoning: + Contracting triangles often lead to strong impulsive moves ⚡ + Buyers are already active at demand 🔥 + Confirmation of CHoCH + BoS could push price to targets 🚀 // (Not financial advice – personal chart observation)