Hi everyone:
My previous analysis on GBPUSD was short term bearish down to the recent lows of the higher time frame structure.
However price did not mange to tag the lows.
Nevertheless, Price did end up with a descending channel followed by a bullish move.
This can indicate other move to the upside. An inverse Head and shoulder as well, adding confluence.
I would like to see this correction to be complete, and look for buy setups on lower time frame for entries.
Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
My previous analysis on GBPUSD was short term bearish down to the recent lows of the higher time frame structure.
However price did not mange to tag the lows.
Nevertheless, Price did end up with a descending channel followed by a bullish move.
This can indicate other move to the upside. An inverse Head and shoulder as well, adding confluence.
I would like to see this correction to be complete, and look for buy setups on lower time frame for entries.
Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
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