GBPUSD 30min Analysis April 7th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price find support at our point of control around 1.3820. We will then enter on strong bullish setups, first targeting our edge 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 previous lows around 1.3780
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 previous lows around 1.3780