GBPUSD 30min Analysis January 14th, 2021
Price is close to our key weekly level and we are looking for a strong reaction off of it.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our weekly level at 1.3666. We will then wait for a retest and enter on strong bullish setups off the weekly level.
Trade Scenario 2: Bearish - For us to go short we would like to see strong bearish setups/engulfing off the weekly level, forming a nice double top.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our weekly level at 1.3666. We will then wait for a retest and enter on strong bullish setups off the weekly level.
Trade Scenario 2: Bearish - For us to go short we would like to see strong bearish setups/engulfing off the weekly level, forming a nice double top.
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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.