GBPUSD 30min Analysis April 8th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.3760. We will then wait for a retrace and for 1.3760 to act as support. Enter on strong bullish setups, first targeting our point of control at 1.3780
Trade Scenario 2: Bearish - For us to go short we want to see price continue to fall to 1.3720. We will then wait for a retrace and for 1.3720 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.3700
Trade Scenario 2: Bearish - For us to go short we want to see price continue to fall to 1.3720. We will then wait for a retrace and for 1.3720 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.3700
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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.