GBPUSD has been in a bullish trend on the 4H recently, visible by the direction of the trend-line marked out. Significant HH and HL points have been marked out beautifully following the structure of the market. Now on a breathing spree, traders are battling themselves on what direction market is going to take at this juncture.
Nevertheless, presented on the chart is my opinion of how I see the market playing out...
A PROBABLE BUY SETUP ON GU COMING IN. MY JOB IS TO HAVE PATIENCE AND HAVE THE MARKET PLAY OUT UNTIL IT REACHES MY ZONE WHERE I LAY WAIT TO TRIGGER THE SNIPER SHOT TO 1.4250 OR BEYOND.