AUDUSD 30min Analysis February 8th, 2021
Price is consolidating around out key monthly zone of .7660
Trade Scenario 1: Bullish - For us to go long we need to see price find support at our monthly zone of .7660. We will look to enter on strong bullish setups off this zone.
Trade Scenario 2: Bearish - For us to go short we need to see price push to the downside, then retrace and for .7660 to flip as resistance. We will look to enter on strong bearish setups off this zone.
Trade Scenario 1: Bullish - For us to go long we need to see price find support at our monthly zone of .7660. We will look to enter on strong bullish setups off this zone.
Trade Scenario 2: Bearish - For us to go short we need to see price push to the downside, then retrace and for .7660 to flip as resistance. We will look to enter on strong bearish setups off this zone.
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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.