Expecting a further drop on GBP/USD.
My entry will be a tap into the weekly interruption candle / latest supply region.
*Interruption candle is the latest bullish candle that hasnt been tested.
- 4hr is currently bullish as Friday created a higher high.
Change of structure on the 4hr will give me extra confirmation for that expected drop.
In the long run we can see price moving all the way up to the weekly major resistance.
However it must first form a pullback to retest the trendline only to bounce off to the upside.
Therefore this couple of days could prove to be bearish.
Remember, price must be bullish long-term due to dollar weakness at the moment.
Price looks to be going down.
If price breaks through below we can see a possibility that it might continue.
Please advise if my technical analysis is in check as this is my first time publishing.
Leave a comment down below.
Many thanks !
