GBPUSD 30min Analysis January 14th, 2021
Price is close to our key weekly level and we are looking for a strong reaction off of it.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our weekly level at 1.3666. We will then wait for a retest and enter on strong bullish setups off the weekly level.
Trade Scenario 2: Bearish - For us to go short we would like to see strong bearish setups/engulfing off the weekly level, forming a nice double top.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our weekly level at 1.3666. We will then wait for a retest and enter on strong bullish setups off the weekly level.
Trade Scenario 2: Bearish - For us to go short we would like to see strong bearish setups/engulfing off the weekly level, forming a nice double top.
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