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Monday, December 14, 2020

GBPUSD 30min Analysis December 14th, 2020

GBPUSD 30min Analysis December 14th, 2020

GBP/USD OANDA:GBPUSD

We see a ton of buyers step in to begin the week for GBP.
Trade Scenario 1: Bearish - We are back in the supply zone and waiting for price to to form bearish engulfing /variations before looking short.

Trade Scenario 2: Bullish - If we want to be patient for a long we need to see a significant pullback to at last the 1.340 handle. We will wait for a significant retrace before we draw our fibs on the recent push up.



from Trading Ideas https://ift.tt/37Xeaei
via gqrds

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