GBPUSD 7/4/23

4月7日

GU following our markups from way back at the start of this year, i am really liking the look of this markup along with its sister pair EU.
Overall breakdown of this pair is for the weekly chart to produce a new low... we got this last week, following that structure bring made we now have to put in our weekly high to follow down again into a new low which again will lead us straight into our overall bias which is for price to follow the down trend direction and hit the liquid sorted out our major low to the left.

Hourly chart gave us a shift higher breaking our last high as marked, showing us that we are most likely going to follow the bullish trend we created from that shift meaning we either go bullish to our POI above as marked or we hit our buyside origin and come down to put in a new hourly low to then carry price higher, either of these will work for us but i am more interested in the major sells to follow after this shift.

follow price action trade your plan and read what price is telling you!