Two Scenarios You Can't Miss On AUDCHF For Maximum ReturnsWhat is important to realize here is that we first need to wait before entering this trade. The price is closing in on the resistance level, and we can simply wait and observe the behavior before entering the trade. Let's go through the two scenarios.
1) The Bullish Scenario.
If the price breaks through the horizontal resistance we can expect a continuation of this parallel upwards channel. I placed the price ranges for your entry, take profit and stop loss on the chart.
2) Bearish Scenario.
If we see a rejection of the price when it hits the resistance area, we can expect a downwards trend again. I placed the price ranges for your entry, take profit and stop loss on the chart.
After the price has hit the horizontal resistance level, wait until you see either the bullish or the bearish scenario confirmed. Then, it's safe to enter the trade!
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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