EURUSD 30min Analysis February 18th, 2021
Price is currently at our key structure zone after a strong push to the downside in yesterdays session.
Trade Scenario 1: Bearish - For us to go short we want to see price reject off our zone and below 1.2060. We will then wait for a retrace and for 1.2060 to flip as resistance. Enter on strong bearish setups off this level.
Trade Scenario 2: Bullish - For us to go long we want to see price break above our structure zone of 1.2070. We will then wait for a retrace and for 1.2070 to flip as support. Enter on strong bullish setups, first targeting 1.2095
Trade Scenario 1: Bearish - For us to go short we want to see price reject off our zone and below 1.2060. We will then wait for a retrace and for 1.2060 to flip as resistance. Enter on strong bearish setups off this level.
Trade Scenario 2: Bullish - For us to go long we want to see price break above our structure zone of 1.2070. We will then wait for a retrace and for 1.2070 to flip as support. Enter on strong bullish setups, first targeting 1.2095
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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.