GBP/USD 1H - This pair here is playing out exactly as we had predicted the start of last week, completing this correction trading us higher in this market, I am wanting to see this come to an end once we have price trade into the level of interest above.
Once price trades us up and into the level of Supply above I am expecting a complete distribution to take place on the 1H timeframes, providing us with a clear structure break and confirmation that a new trend trading us lower is on its way to being put in, in this market.
We have as of recently been delivered with a fractal break of structure to the downside but I believe this is just part of the correction thats happening within this higher timeframes bullish correction taking us higher.
I will be monitoring this pair closely, waiting for the right opportunity to go short in this market, its important we have the right confirmation parameters before we take place.
Once price trades us up and into the level of Supply above I am expecting a complete distribution to take place on the 1H timeframes, providing us with a clear structure break and confirmation that a new trend trading us lower is on its way to being put in, in this market.
We have as of recently been delivered with a fractal break of structure to the downside but I believe this is just part of the correction thats happening within this higher timeframes bullish correction taking us higher.
I will be monitoring this pair closely, waiting for the right opportunity to go short in this market, its important we have the right confirmation parameters before we take place.