GBPUSD 30min Analysis March 3rd, 2021
Price is starting to range and 1.400 is acting as strong resistance.
Trade Scenario 1: Bullish - For us to go long we want to see price retest 1.3965. We will then enter on strong bullish setups, first targeting previous highs around 1.400
Trade Scenario 2: Bearish - For us to go short we need to see price fall below 1.3960. We will then wait for a retrace and for 1.3965 to act as resistance. Enter on strong bearish setups, first targeting 1.3920
Trade Scenario 1: Bullish - For us to go long we want to see price retest 1.3965. We will then enter on strong bullish setups, first targeting previous highs around 1.400
Trade Scenario 2: Bearish - For us to go short we need to see price fall below 1.3960. We will then wait for a retrace and for 1.3965 to act as resistance. Enter on strong bearish setups, first targeting 1.3920
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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.