GBPUSD 30min Analysis April 6th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price retrace to our edge of value at 1.3810. We will then wait for price to find support and enter on strong bullish setups, first targeting the other side of value at 1.3850
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.3810. We will then wait for a retrace and for 1.3810 to flip as resistance. Enter on strong bearish setups, first targeting our edge of value around 1.3760
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.3810. We will then wait for a retrace and for 1.3810 to flip as resistance. Enter on strong bearish setups, first targeting our edge of value around 1.3760