This is my breakdown of GBPUSD on the 4-hour chart.
We have had a nice bullish run but I believe no significant structure has yet been broken for me to think this will continue.
I believe price may continue up a little bit into the start of next week to around 1.3900 before a bearish move for the rest of the month. But of course, if we get a clean break above here then I will react to that and trade with the market.
I always execute trades on much lower timeframes but getting an idea of higher time frame biases is key for trading the markets. Just because I currently believe the market may become bearish that does not mean that lower timeframe buys won't be available.
Remember these are only ideas, I go into a trading day every morning with a neutral view of the markets and trade the opportunities that price gives me
We have had a nice bullish run but I believe no significant structure has yet been broken for me to think this will continue.
I believe price may continue up a little bit into the start of next week to around 1.3900 before a bearish move for the rest of the month. But of course, if we get a clean break above here then I will react to that and trade with the market.
I always execute trades on much lower timeframes but getting an idea of higher time frame biases is key for trading the markets. Just because I currently believe the market may become bearish that does not mean that lower timeframe buys won't be available.
Remember these are only ideas, I go into a trading day every morning with a neutral view of the markets and trade the opportunities that price gives me