GBPUSD 30min Analysis January 15th, 2021
GBP/USD OANDA:GBPUSD
Price is at our key structure zone and 30min 200MA.
Trade Scenario 1: Bearish - For us to go short we want to see price push past our 200MA and structure zone of 1.3610. We will then wait for a retest and for 1.3610 to flip as resistance. Enter on strong bearish setups.
Trade Scenario 2: Bullish -For us to go long we want to see price start to rebound off the 200MA and structure zone. Enter on strong bullish setups. First targeting our key weekly at 1.3666
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