Hello Traders.
GBPUSD is showing 4H and 1D bearish structure of LHs - LLs.
The ascending trendline in the 4H TF is broken and a new descending trendline is under process.
I am waiting for a break of structure of the current support and a retest as a resistance + trendline test for entering bearish.
On the other hand, a strong breakd and wick in the bottom of the upper zone may trigger long entries.
We all keep an eye to Jobless claims from US and we should not rush. Be patient!
Interact according to the commong logic of the news outcome and do your analysis.
GBPUSD is showing 4H and 1D bearish structure of LHs - LLs.
The ascending trendline in the 4H TF is broken and a new descending trendline is under process.
I am waiting for a break of structure of the current support and a retest as a resistance + trendline test for entering bearish.
On the other hand, a strong breakd and wick in the bottom of the upper zone may trigger long entries.
We all keep an eye to Jobless claims from US and we should not rush. Be patient!
Interact according to the commong logic of the news outcome and do your analysis.
Trade closed: target reached:
tp1 hit
Trade closed: target reached:
avg=-161+311=+150 pips