Hello ladies & gentleman, I wanted to show my perspective on AUDCHF.
I see only two possible scenarios with what we have right now,
The 1st, price either decides to make one more bearish impulse and then correct in a bigger structure.
Or the 2nd, price decides to start correcting as soon as market opens, giving us a bigger structure.
In the 1st scenario we would be taking a trade on the breakout of the smaller structure we saw, with a little profit and then look for what price decides to do next.
In the 2nd scenario we should just wait for price to breakout of the structure, to then continue to the lower side.
In the 1st scenario we would be using a stop loss of 5 to 10 pips, nothing more than that, and in the 2nd we would probably have a higher stop loss.
Hope you like the idea!.
I see only two possible scenarios with what we have right now,
The 1st, price either decides to make one more bearish impulse and then correct in a bigger structure.
Or the 2nd, price decides to start correcting as soon as market opens, giving us a bigger structure.
In the 1st scenario we would be taking a trade on the breakout of the smaller structure we saw, with a little profit and then look for what price decides to do next.
In the 2nd scenario we should just wait for price to breakout of the structure, to then continue to the lower side.
In the 1st scenario we would be using a stop loss of 5 to 10 pips, nothing more than that, and in the 2nd we would probably have a higher stop loss.
Hope you like the idea!.