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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