after last two bearish swings now i expect a deeper correction in to the 100.50 -100.6 area , and then short again . after this correction my expectation is new structure Low.
Trade closed: target reached:
on Monday the scenario with deep pullback hasn't occured and the USD made a new structure low from a shallow correction , i only took few scalps on GBP/USD but against my overall expectation. Next at the end of US session the deep correction occured in to my area of interest mentioned on Sunday (the market touched 100.47). the 1-hour chart candles showed some weakness at this level so i started to accumulate longs on GBPUSD at 1.2349 and closed at 1.2437 . The mission accomplished. USD made another new structure low but now i just wait and watch.