Wave structure of GBPUSD in 4H and M15 time frames
4H is swing bullish => currently is pullback dow
M15 is swing bearish => currently is pullback up
We sell down to the OB block of the 4H time frame
Buy when the Strong Swing peak of the 15 minute time frame is broken through
M15 is swing bearish => currently is pullback up
We sell down to the OB block of the 4H time frame
Buy when the Strong Swing peak of the 15 minute time frame is broken through
Kommentar:
The price continues to decrease but has not yet reached the OB block of the 4-hour time frame
Kommentar:
The price hasn't touched the Overbought (OB) zone of the 4-hour timeframe yet it has started to rise again