Monthly has started a retracement leg and touched 38 fib
There needs to be a correction move either to the upside or to the downside on the lower timeframe to suggest a change in trend, until then its continuing down
On H4 there are a series of HH and HL, this could be a retracement leg of minor impulse wave on LTF
I have outlined both opportunities on the...
Based on corrective structure moves on GBPUSD, there is a relunctance to move down just yet. I expect a push to the upside and rejection to push down. - all in line with higher timeframe structure and fibs