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Hello everyone:
GBPUSD still on my watchlist this week for the bearish continuation move.
We see price already impulse down from the top, and formed many LTF corrections to push price lower.
After such strong impulse, naturally the price needs to form deeper correctional structure before the next push.
I have been patiently waiting for this correction to develop.
We can expect either one last push to the up side, before the reversal drop, or a strong breakout then LTF correction to follow the short.
See what price will do in the bottom of the HTF channel structure, and re-evaluate the position.
Thank you