Hi Traders. The start of December saw bearish pressure on GBP complete a double top formation at its 4h higher high. As per my previous posts on GU direction, we saw a break of the double top neckline and continuation of the bears as expected.
I like to use the 4h as my structural bias timeframe, looking for structure, location for continuation and agreeing price action closes. Once these points have been confirmed, I move to the 1h/30m to look for break and retest patterns that agree wi8th my 4h bias.
I like to use the 4h as my structural bias timeframe, looking for structure, location for continuation and agreeing price action closes. Once these points have been confirmed, I move to the 1h/30m to look for break and retest patterns that agree wi8th my 4h bias.