USDCHF Analysis December 2nd, 2020
Trade Scenario 1: Bearish - Price is bearish across all time frames but currently at a key demand zone. We will need to see price break below .899 and then form a clear LH flipping the .899 zone to resistance.
Trade Scenario 2: Bullish - For us to consider longs we need price to break above .903 handle and above the 200MA on the 30min. We will then look for clear HL to form before entering long.
Trade Scenario 2: Bullish - For us to consider longs we need price to break above .903 handle and above the 200MA on the 30min. We will then look for clear HL to form before entering long.
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