USDCHF 30min Analysis December 28th, 2020
We are waiting for price to pullback to the .8890 level to see how price will react to the bullish trendline and 200MA on the 30min timeframe.
Trade Scenario 1: Bullish - If we see strong bullish pressure/engulfing/variations at .8890 we will look to enter long.
Trade Scenario 2: Bearish - For us to look short we need to see price break through the supporting trendline and the 200MA. We will then look for a clear LH to form below .8890.
Trade Scenario 1: Bullish - If we see strong bullish pressure/engulfing/variations at .8890 we will look to enter long.
Trade Scenario 2: Bearish - For us to look short we need to see price break through the supporting trendline and the 200MA. We will then look for a clear LH to form below .8890.