Hi traders:
Looking at GBPUSD for the bearish move down.
We know price has been consolidating in this last bit of structure, had a few move downs and ups.
Previous 2 bearish impulses did not follow by a continuation correction to go lower.
Instead, we see price form this ascending type of channel moving up correctively one more time.
I do see a potential bearish move, if we get a breakout from this channel, and lower time frame correction to enter.
Look to see what price will do once again at the bottom of the higher time frame structure.
Thank you
Looking at GBPUSD for the bearish move down.
We know price has been consolidating in this last bit of structure, had a few move downs and ups.
Previous 2 bearish impulses did not follow by a continuation correction to go lower.
Instead, we see price form this ascending type of channel moving up correctively one more time.
I do see a potential bearish move, if we get a breakout from this channel, and lower time frame correction to enter.
Look to see what price will do once again at the bottom of the higher time frame structure.
Thank you
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