GBPUSD 30min Analysis January 25th, 2021
Price is starting to find support at our key weekly and the 30min 200MA.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our structure zone of 1.3690. We will then wait for a quick retest and for 1.3690 to act as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly level of 1.3666. We will then wait for price to retrace and for our key weekly to act as resistance. Enter on strong bearish setups off rejection of the weekly level.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our structure zone of 1.3690. We will then wait for a quick retest and for 1.3690 to act as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly level of 1.3666. We will then wait for price to retrace and for our key weekly to act as resistance. Enter on strong bearish setups off rejection of the weekly level.
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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.