GBPUSD Long Trade Setup

23 בספט׳ 2021

It's too early to say, but it looks like a running flat is in the making between the green lines. Based on that structure, my forecast is an upward impulse. That's why I'm looking for a long trade setup, and it seems like we have a reversal impulse after the complete expanding flat between the blue lines. Now, I'm waiting for a small correction to place a pending order. Instead of an upward impulse, a correction can be the next structure for more downside, but it's OK because in this case, I'll have time to hedge my trade.