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Chris Capre’s current live price action and ichimoku trades: EURUSD, GBPUSD, EU50, INR.FR, BIR, TLS
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GBPUSD – Trading @ MT Key Support (4h chart)
Price Action Context
Still ranging on the HTF, a smaller corrective structure has formed inside the larger structure below the LT resistance zone and price is now again testing the bottom of the smaller structure which is a well-defined MT support zone.
MT bias is bullish and if this key support holds, a move up towards the LT resistance is likely, whilst a break below this zone …... Keep reading