EURUSD 30min Analysis February 17th, 2021
Yesterday we saw a strong push to the downside but price is now at our key structure zone and we are looking for price to consolidate.
Trade Scenario 1: Bullish - For us to go long we want to see some consolidation and a break above 1.2070. We will then wait for a retest and enter on strong bullish setups off 1.2070.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2060. We will then wait for a retest of 1.2060 as resistance and enter on strong bearish setups.
Trade Scenario 1: Bullish - For us to go long we want to see some consolidation and a break above 1.2070. We will then wait for a retest and enter on strong bullish setups off 1.2070.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2060. We will then wait for a retest of 1.2060 as resistance and enter on strong bearish setups.
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.
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.