GBPUSD 30min Analysis March 10th, 2021

Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our edge of value at 1.3860. We will then wait for strong bullish setups to enter long, first targeting 1.3920

Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.3840. We will then wait for a retrace and for 1.3840 to flip as resistance. Enter on strong bearish setups, first targeting previous lows at 1.3800