GBPUSD 30min Analysis January 27th, 2021
Price is currently near our key structure zone and testing the 30min 200MA as support.
Trade Scenario 1: Bullish - For us to go long we want to see price form clear support around 1.3690. We will then look to enter on strong bullish setups off this zone. First targeting previous highs around 1.3740
Trade Scenario 2: Bearish - For us to go short we need to see price continue to the downside below our structure zone of 1.3690. We will then wait for a retrace and for thee 30min 200MA and 1.3690 to flip as resistance. Enter on strong bearish setups
Trade Scenario 1: Bullish - For us to go long we want to see price form clear support around 1.3690. We will then look to enter on strong bullish setups off this zone. First targeting previous highs around 1.3740
Trade Scenario 2: Bearish - For us to go short we need to see price continue to the downside below our structure zone of 1.3690. We will then wait for a retrace and for thee 30min 200MA and 1.3690 to flip as resistance. Enter on strong bearish setups
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