GBPUSD 02.08.21 - M30

Monday, August 2, 2021 11:32 AM

this is a very short trade, more of a scalp. yes, price could still be bullish and this previous bear move was a correction and price could be ready to push higher as we can see, last week price broke out and pushed lower for a retest which it has rejected to go lower for now. looking at the smaller timeframes we can say price was ranging and the previous h4 candle gave us a breakout. if price can push a bit higher from here we should see our scalp complete.

this view should not cloud us from the bearish view also.