GBPUSD has broken bullish structure on the daily, but on the lower timeframe, price ran equal highs and swept liquidity. That sweep was followed by a sharp reaction, signaling potential bearish intent.
I’ve entered short with a stop above the highs, anticipating a move lower. My target is 1.31400, which lines up with a key relative equal low (REL) and potential...
Price broke structure to the upside on the 4H chart, showing bullish intent. I expect price to continue higher toward the 3451.525 level, which looks like a key liquidity area. As long as price holds above the break, the bias remains bullish.
