USDCHF 30min Analysis January 29th, 2021

OANDA:USDCHF   U.S. Dollar / Swiss Franc
Trade Scenario 1: Bullish - Currently price is at our key structure zone of .8880. We want to see price find support at this level with further consolidation or some form of a double bottom . We will then look for strong bullish setups to enter long on.

Trade Scenario 2: Bearish - For us to go short we need to see price break below our key structure zone of .8880 with conviction. We will then wait for a retrace and for .8880 to flip as resistance. Enter on strong bearish setups.


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