USDCHF 1hour Analysis January 7th, 2021
Price has broken out of our downward channel and is starting to gain some upward momentum. We are looking for a healthy retrace back to our key structure level around .8820. Price could also find support at our weekly level at .8830 but would set up a more aggressive trade. Wait for the corrective pattern to form and for further bullish setups/variations to form at our key levels to enter long.
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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.