A clear Heads and Shoulders pattern has formed on the H4 of GBP/USD, we expect price to break the last low which caused a High that lead to a manipulation.
On breaking the low, price is expected to tap into the OrderBlock below the low setting up a Bearish QM.
Once this is done, price is expected to retrace to the OrderBlock above, this retracement would serve as an inducement of liquidity for price to sell.
On breaking the low, price is expected to tap into the OrderBlock below the low setting up a Bearish QM.
Once this is done, price is expected to retrace to the OrderBlock above, this retracement would serve as an inducement of liquidity for price to sell.