NZDUSD 30min Analysis February 17th, 2021
Price had a strong push to the downside right to our key demand zone of .7180.
Trade Scenario 1: Bullish- For us to go long we are looking for price to find support at our structure zone of .7180. We will look to enter on strong bullish setups off .7180.
Trade Scenario 2: Bearish - For us to go short we need to see price break through .7180 with conviction. We will then wait for a retrace and for .7180 to act as resistance.
Trade Scenario 1: Bullish- For us to go long we are looking for price to find support at our structure zone of .7180. We will look to enter on strong bullish setups off .7180.
Trade Scenario 2: Bearish - For us to go short we need to see price break through .7180 with conviction. We will then wait for a retrace and for .7180 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.