GBPUSD 30min Analysis February 25th, 2021
Price is currently at our edge of value and we are looking for price to react to this level.
Trade Scenario 1: Bullish - We are looking to enter long on strong bullish setups off our edge of value at 1.4140. First targeting previous highs around 1.4190.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.4140. We will then wait for a retrace and for 1.4140 to act as resistance, first targeting 1.4080.
Trade Scenario 1: Bullish - We are looking to enter long on strong bullish setups off our edge of value at 1.4140. First targeting previous highs around 1.4190.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.4140. We will then wait for a retrace and for 1.4140 to act as resistance, first targeting 1.4080.
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