Trade Path 1: GBPUSD is currently forming uptrend structure forming higher highs and higher lows on the 4HR. Price came down to strong support level 1.22000 level to retest. Could see price bounce off here to form a higher high into 1.24500.
Trade Path 2: Even though we are forming uptrend on the 4HR timeframe. Overall on the daily we are still in a downtrend. If we have pulled up far enough we could see price drop from here and break out of the minor ascending trendline and form over all lower low on the daily structure.
Trade Path 2: Even though we are forming uptrend on the 4HR timeframe. Overall on the daily we are still in a downtrend. If we have pulled up far enough we could see price drop from here and break out of the minor ascending trendline and form over all lower low on the daily structure.