On The daily timeframe , the entire structure of this asset has been bullish , though looking at the chart we can see a clear retracement in time, back to a bullish order block.
Mostly when price is getting closer to an order block, it forms different patterns, in this case we see the formation of waves in a channel, using the Elliot Wave theory, there must be a...
In the past week, GBPUSD has been shorting massively, as of yesterday there was a clear change of character giving us a clear indication of reversal to the upside.
This morning London session move has broken structure again to the upside indicating more that the bullish move will continue.
I'm anticipating price to retrace and clear out the inducement created...
