GPBUSD wave structure in 4H time frame

2023년 11월 10일

GBP in the H4 time frame is in an uptrend. Currently in the pullback wave, we wait for the signal to break the CHOCH position. It signals that the pullback wave may end, then we will wait to buy.

2023년 11월 13일

노트

The CHOCH position has changed, the price increased and crossed the new CHOCH position.

2023년 11월 14일

노트

The price broke the 4-hour Swing High (Weak) so it created a new Swing Low (Strong).

2023년 11월 26일

노트

GBPUSD increased near the strong supply zone in the daily frame.
We need to monitor the wave structure on the 4h timeframe to locate the CHOCH drop to know when the daily PULLBACK wave will begin.

2023년 11월 29일

노트

Today's price has reached the Supply zone of the daily frame. If the price drops and surpasses the bearish CHOCH position of the 4H frame, there will be a pullback wave in the 4H frame.

2023년 12월 21일

노트

The wave structure has a confirmed reversal