USDCHF 30min Analysis February 11th, 2021
Price is consolidating around our 4h 200MA and between two key structure zones.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our key weekly zone of .8920. We will then wait for a retrace and for .8920 to flip as support.
Trade Scenario 2: Bearish - For us to go short we need to see price break below .8890. We will then look for a retest and for .8890 to flip as resistance. Enter on strong bearish setups.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our key weekly zone of .8920. We will then wait for a retrace and for .8920 to flip as support.
Trade Scenario 2: Bearish - For us to go short we need to see price break below .8890. We will then look for a retest and for .8890 to flip as resistance. Enter on strong bearish setups.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.