USDCHF 30min Analysis February 3rd, 2021

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Price is still in a strong uptrend but we are testing our key weekly and psychological level at .9000. We might see some volatility around this zone

Trade Scenario 1: Bullish - For us to go long we need to see price break above .9000 with conviction. We will then wait for aa retrace and for .9000 to act as support. Enter on strong bullish setups off the weekly.

Trade Scenario 2: Bearish - For us to go short we want to see price break below .8970. We will then look for a retrace and for a clear LH at or below .8970. Enter on strong bearish setups.

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