AUDUSD 30min Analysis February 16th, 2021
Price has broken above our structure zone and is now consolidating.
Trade Scenario 1: Bullish - For us to go long we want to see price rebound off our trendline around .7780. We will look to enter long on strong bearish setups off this level.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our structure zone of .7770. We will then wait for a retrace and for our zone to act as resistance.
Trade Scenario 1: Bullish - For us to go long we want to see price rebound off our trendline around .7780. We will look to enter long on strong bearish setups off this level.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our structure zone of .7770. We will then wait for a retrace and for our zone to act as resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.