GBPUSD - Channel Bounce

14 nov 2020

GBPUSD has bounced from the lower level of the ascending parallel channel, the majority of retail will now be loading up there longs, especially after crossing the key structure marked. Personally, I believe we could potentially see a structure shift like the one marked with a strong push to the downside after the re-test. If this doesn't happen then i will just simply disregard my short bias and flip the bias for longs.