GBPUSD
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GBPUSD is unfolding in what seems to be a complex correction. It is hard to count a bullish impulse from 1.2381 low, which basically means it lowers the probability for a succesfull buy trade just yet. I expect another bearish leg and that will determine whether the move higher (@1.2345) was a strong correction or a bullish impulse.
IF however we continue higher I will adjust and reevaluate because that still doesn't directly mean price is about to take out the high at 1.2704. The original buy plan for that move is still valid by the way.
IF however we continue higher I will adjust and reevaluate because that still doesn't directly mean price is about to take out the high at 1.2704. The original buy plan for that move is still valid by the way.
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