GBPUSD 30min Analysis March 3rd, 2021

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Price is starting to range and 1.400 is acting as strong resistance.

Trade Scenario 1: Bullish - For us to go long we want to see price retest 1.3965. We will then enter on strong bullish setups, first targeting previous highs around 1.400

Trade Scenario 2: Bearish - For us to go short we need to see price fall below 1.3960. We will then wait for a retrace and for 1.3965 to act as resistance. Enter on strong bearish setups, first targeting 1.3920

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