EURUSD 30min Analysis February 16th, 2021
Price had a strong push to the upside during the asian session last night and is now at our key structure zone.
Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2175. We will the wait for a retrace and for 1.2175 to act as support. Enter on strong bullish setup around this zone.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our structure zone. Ideally we would like to see a little consolidation here or some formation like a double top. We will then look to enter short on strong bearish setups. First targeting previous lows around 1.2130
Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2175. We will the wait for a retrace and for 1.2175 to act as support. Enter on strong bullish setup around this zone.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our structure zone. Ideally we would like to see a little consolidation here or some formation like a double top. We will then look to enter short on strong bearish setups. First targeting previous lows around 1.2130