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.
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