Looking t the 4hr chart price tested the demand zone and rejected it. We are now seeing a potential 1hr accumulation play out with a break of structure to the upside. the current retracement is lacking volume showing a lack of bears in the market. so if price respects the 1 hr demand zone or accumulate in their then the trade is valid. Target equal highs from last week and inefficiency left on the chart.
Comment:
Price started moving higher but the Claimaint count news came out and gave gbp strength.