GBPUSD 30min Analysis April 14th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 1.3757. We will then wait for a retrace and for 1.3757 to act as support. Enter on strong bullish setups, first targeting previous highs around 1.3800
Trade Scenario 2: Bearish - For us to go short we want to see price break below our edge of value at 1.3757. We will then wait for a retrace and for 1.3757 to act as resistance. Enter on strong bearish setups, first targeting our point of control at 1.3720
Trade Scenario 2: Bearish - For us to go short we want to see price break below our edge of value at 1.3757. We will then wait for a retrace and for 1.3757 to act as resistance. Enter on strong bearish setups, first targeting our point of control at 1.3720
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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.