GBPUSD 1 Hour Analysis April 19th, 2021 - NY Session

Trade Scenario 1: Bullish - For us to go long we want to see price retrace to our edge of value at 1.400. We will then wait for 1.400 to act as support. Enter on strong bullish setups, first targeting our point of control around 1.4100.

Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.400. We will then wait for 1.400 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.3860

Observe the market till it reaches 1.400, don't enter now.