Wave structure of GBPUSD in 15M frame analyzed by SMC method
At the current 15m frame, it is a downtrend.
If the price breaks to the bottom of the Swinglow Weak, a BOS signal is created and a new Swinghigh Strong peak is created.
In the 4H time frame, the strong SwingLow bottom has not yet been broken, so 4H is just a pullback wave.
If the price breaks to the bottom of the Swinglow Weak, a BOS signal is created and a new Swinghigh Strong peak is created.
In the 4H time frame, the strong SwingLow bottom has not yet been broken, so 4H is just a pullback wave.
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