USDCHF 30min Analysis January 19th, 2021
Price is at our key structure zone and our supporting trendline.
Trade Scenario 1: Bullish - For us to go long we need to see further bullish pressure off our supporting trendline and structure zone. We can look for either a double bottom or a HL to form around .88850. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price break below out structure zone of .8870. We will then wait for a retrace and for .8870 to flip as resistance. Enter on strong bearish setups.
Trade Scenario 1: Bullish - For us to go long we need to see further bullish pressure off our supporting trendline and structure zone. We can look for either a double bottom or a HL to form around .88850. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price break below out structure zone of .8870. We will then wait for a retrace and for .8870 to flip as resistance. Enter on strong bearish setups.