GBPUSD Correction Phase Expected After The Bearish Impulse Move
GBPUSD has been trading in a bearish trend for a long time now and its safe to say as we broke the 1.14010 low. But on the 4 hour timeframe we saw a complete clear impulse move which all guidelines are not violated so we can possible expect a correction to the upside in this case I wouldn't suggest an impulse move up as we realise overall we are in a strong downtrend by simply looking at market structure every time we saw a bit of pullback it didn't last it was followed by a strong bearish move this move is not any exception.
Well it can be any corrective move but we can at least expect a zig-zag as its very common. The idea is long term we are still bearish but we can take advantage of short term pullback moves.
Well it can be any corrective move but we can at least expect a zig-zag as its very common. The idea is long term we are still bearish but we can take advantage of short term pullback moves.
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