NZDUSD 30min Analysis February 9th, 2021
Price is currently testing our key structure zone of .7240
Trade Scenario 1: Bullish - For us to go long we need to see price push above our zone of .7240. We will then wait for a retrace and for price to find support around .7240. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price push below our trendline and below .7220. We will then look for a retrace and for .7220 to act as resistance. Enter on strong bearish setups.
Trade Scenario 1: Bullish - For us to go long we need to see price push above our zone of .7240. We will then wait for a retrace and for price to find support around .7240. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price push below our trendline and below .7220. We will then look for a retrace and for .7220 to act as resistance. Enter on strong bearish setups.
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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.