GBPUSD 30min Analysis January 20th, 2021
Price is in a strong bullish trend but is at our key supply zone.
Trade Scenario 1: Bullish - For us to go long we need to see price rebound off our supporting trendline and key weekly level at 1.3666. 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 at 1.3666. We will then wait for a quick retest and for the weekly to flip as resistance. Enter on strong bearish setups first targeting our next key structure zone of 1.3620
Trade Scenario 1: Bullish - For us to go long we need to see price rebound off our supporting trendline and key weekly level at 1.3666. 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 at 1.3666. We will then wait for a quick retest and for the weekly to flip as resistance. Enter on strong bearish setups first targeting our next key structure zone of 1.3620
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.