USDCHF 30min Analysis February 10th, 2021

OANDA:USDCHF   U.S. Dollar / Swiss Franc
Price is in a strong downtrend but is a little over extended and is at a key point in structure on the Daily timeframe .

Trade Scenario 1: Bullish - For us to go long we need to see price break above our key weekly level of .8922. We will then wait for a retrace and for our weekly to act as support. Enter on strong bullish setups off the weekly.

Trade Scenario 2: Bearish - For us to go short we want to see price reject off the weekly level. We will then look to enter on strong bearish setups. Keeping stops tight as we are in a high value area which could cause some consolidation.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out