GBPUSD is in a complex corrective structure that is not commonly found on the charts. The 4h count here, is identical to the daily upside structure, which gives it more conviction.
Common with this type of structure, there is still a bullish outlook on this pair, as this next wave unfold, market psychology should start to shift to an extreme bearish view.
Common with this type of structure, there is still a bullish outlook on this pair, as this next wave unfold, market psychology should start to shift to an extreme bearish view.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.