GBPUSD ANALYSIS AND THOUGHTS ** PRICE ACTION **
My thoughts GBPUSD
4h
Currently price is at a flip zone. I expect price to probably consolidate here or resist and give a little downward correction and attempt to pull through the key level.
Two scenario im thinking
1. A pull back to push to the upside.
2 a consolidation and eventually decide where to go.
When u look at the overall 4h structure the price actually broke a major 4h structure and made a lower low so it is just natural that price will reach for a Higher High or break a swing high.
Thing to note is NFP day today and we will see how price will lead us going to the big event
Good Luck traders and remember to always keep risk management in mind
4h
Currently price is at a flip zone. I expect price to probably consolidate here or resist and give a little downward correction and attempt to pull through the key level.
Two scenario im thinking
1. A pull back to push to the upside.
2 a consolidation and eventually decide where to go.
When u look at the overall 4h structure the price actually broke a major 4h structure and made a lower low so it is just natural that price will reach for a Higher High or break a swing high.
Thing to note is NFP day today and we will see how price will lead us going to the big event
Good Luck traders and remember to always keep risk management in mind
