GBPUSD short term buy, then sell

For my previous post and context have a look at my previous post below:

Short term we might see at least one more leg higher. This might provide a buy day trade opportunity,
However I think that in terms of the bigger picture there is more bearish price action to come which will provide another sell opportunity once this consolidation is over.

تعليق:

I'm very precise in what I look for in a trade set-up and the previous correction did not unfold the way I like to trade them. Nevertheless we see another opportunity present itself and this is why I can wait for certain set-ups before I trade. There will be plenty of opportunity to trade the right set-ups.

تعليق:

These are the two trade scenario's I'm looking for in terms of trading opportunities.
We either see a deeper correction towards the upper structure zone shown by means of the non-horizontal trend line. (this will also result in closing the gap). However the current move higher is corrective so in case of a deeper retrace we should see a corrective wave lower for a wave B first. This move lower will determine what's next because since the current 'bullish'/sideways' move is corrective a bearish break and continuation is also possible. Therefore I will wait to see how the next move lower will unfold, will it be an impulse or another corrective leg?