USDCHF 30min Analysis February 8th, 2021
Price is finding support at the 30min 200MA and key weekly level of .9000.
Trade Scenario 1: Bullish - For us to go long we need to see price continue to consolidate at our above our key weekly. We will then look to enter on strong bullish setups off the weekly zone, first targeting previous highs around .9040
Trade Scenario 2: Bearish - For us to go short we need to see price fall below our key weekly level. We will then wait for a retrace and for .9000 to flip as resistance.
Trade Scenario 1: Bullish - For us to go long we need to see price continue to consolidate at our above our key weekly. We will then look to enter on strong bullish setups off the weekly zone, first targeting previous highs around .9040
Trade Scenario 2: Bearish - For us to go short we need to see price fall below our key weekly level. We will then wait for a retrace and for .9000 to flip as resistance.