The Market is trending nicely upwards on the 4hr and on the weekly time frame we can see where the down structure has just been broken.
To take this trade I'm looking for an Engulfing candle on the 4hr Bos
4hr Structure and Day Structure have been broken, expecting price to go long from here for about 200+pips. I'm waiting to see price pull back to the 4hr Break Of Structure (BOS) and give me some indication that buyers are in control (for e.g a bullish candle) then I will take my entry.
Secondly there's a pretty obvious inverted head and shoulders being formed on...
Looking for sell opportunity but be patient. I belie yesterday was a false buy break out to remove retail traders from the market and increase liquidity. There is a possibilit for further buy or for consolidation after which, the sell is likely. GBPUSD is repeating the structures formed in May 2019