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Monday, February 08, 2021

USDCHF 30min Analysis February 8th, 2021

USDCHF 30min Analysis February 8th, 2021

USD/CHF OANDA:USDCHF

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.



from Trading Ideas https://ift.tt/3rxHKPD
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