GBPUSD break market structure on 4H.
Market structure was broken when market broke 1.21000, now it may be the starting of new downtrend.
But at this moment market is going down with a falling wedge which may create a same movement towards upside.
this small movement upside may create a secondary trend, after which one may enter into a short selling position for the final target of 1.178000.
Market structure was broken when market broke 1.21000, now it may be the starting of new downtrend.
But at this moment market is going down with a falling wedge which may create a same movement towards upside.
this small movement upside may create a secondary trend, after which one may enter into a short selling position for the final target of 1.178000.