USDCHF 1H Analysis, 30th June 2021
Daily Trend : Bearish but sideways more likely
4H : Bullish trend
Trade scenario 1 :
4H is looking bullish right now and price is trying to break the resistance/the last High to confirm bullish is fully in control
1H timeframe trendline is holding UChf. We could take long positiong if price touch the trendline and as long it doesn't break the trendline we would like to see more push to the upside
Trade scenario 2 :
If it break the trendline in 1H timeframe, we could potentially having a big double top pattern formed in 4H timeframe. 4H is looking bullish right now but there are lot of imbalance trapped down there which created from FOMC meeting 2 weeks ago that gained USD strength. So we could see a downside move in the next day/week
4H : Bullish trend
Trade scenario 1 :
4H is looking bullish right now and price is trying to break the resistance/the last High to confirm bullish is fully in control
1H timeframe trendline is holding UChf. We could take long positiong if price touch the trendline and as long it doesn't break the trendline we would like to see more push to the upside
Trade scenario 2 :
If it break the trendline in 1H timeframe, we could potentially having a big double top pattern formed in 4H timeframe. 4H is looking bullish right now but there are lot of imbalance trapped down there which created from FOMC meeting 2 weeks ago that gained USD strength. So we could see a downside move in the next day/week
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