GBPUSD 30min Analysis February 24th, 2021
Price is currently at the bottom of our edge of value after being rejected off the top side of value in last nights Asain session.
Trade Scenario 1: Bullish - For us to go long we want to see price find support around 1.4130. We will then look to enter long on strong bullish setups off this level, first targeting 1.4190.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.4130. We will then wait for a retrace and for 1.4130 to flip as resistance.
Trade Scenario 1: Bullish - For us to go long we want to see price find support around 1.4130. We will then look to enter long on strong bullish setups off this level, first targeting 1.4190.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.4130. We will then wait for a retrace and for 1.4130 to flip as resistance.
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