GBPUSD 30min Analysis February 25th, 2021
Price is currently at our edge of value and we are looking for price to react to this level.
Trade Scenario 1: Bullish - We are looking to enter long on strong bullish setups off our edge of value at 1.4140. First targeting previous highs around 1.4190.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.4140. We will then wait for a retrace and for 1.4140 to act as resistance, first targeting 1.4080.
Trade Scenario 1: Bullish - We are looking to enter long on strong bullish setups off our edge of value at 1.4140. First targeting previous highs around 1.4190.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.4140. We will then wait for a retrace and for 1.4140 to act as resistance, first targeting 1.4080.
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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.
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.