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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