GBPUSD - D/4H Technical Analysis

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Hi traders!

I'm excited to share with you a detailed video analysis of GBPUSD on the Daily and 4H timeframe ahead of the CPI news for the USD.

While on the Daily TF, we're experiencing a bearish trend, we recently reached an important OB area which could indicate a possible 4H drop or pullback that may push the price down soon.

However, it's important to note that there is still a possibility for a 4H bullish impulse that could break the recent top. For now, our focus will be on the sell setups.

I want to remind you to trade with caution and avoid trading during the news event. If you happen to get a sell setup, try taking it after the news has cooled down a bit.

Also, keep an eye out in the comment section as we will keep you updated with our analysis.

Keep up the great work and happy trading!
Nota
Post CPI update:

Positive CPI news, weak USD at the moment.
There's a strong chance it might break this top, but I will advise not to buy from this level. Let it break the top if necessary and then look for a pullback.

If we get here a strong TL breakout followed by a correction then we are good to go with the sell. It's a waiting game for now so, trade with care.

captura
Nota
Hello. Like we said in the previous update the top got broken without giving us any sell setups. Instead, it gave us a nice MACD Divergence between the last two higher highs.

At the moment, the price started to drop sharply on the 4H and we will expect a trendline breakout followed by a pullback before engaging in any sells. If you want to be more aggressive we also broke the 15 minute TL and you can wait for a small correction if you're risk appetite is higher, but personally I won't recommend since it is very risky at the moment.

Please be patient and don't over risk. The 4H setup is currently in the making and I think it should be ready next week. Happy weekend!

captura
Nota
As we discussed in our stream yesterday, we were expecting a pullback to come before resuming the bearish momentum.

As it stands, we got a nice reaction on the 15 min order block level, but I would wait for a bit more downside and then a correction before further continuation.
Trade safe.

captura
Nota
So yesterday we didn't get our sell setup because the bearish momentum lacked and the price pushed up, filling the FVG.

At the moment we will wait for the TL to be broken, and if we get a consolidation and a reaction afterwards we will go for the sells. Very important to analyze the price action after the breakout before taking any trades. If the momentum isn't there we will leave it be. Trade safe!

captura
Nota
The structure is getting pretty messy, no clear setup right now. We have to wait and see how it will develop, but until we see something clear and worth taking we will sit back. In any case, we will keep updating you when something new occurs. Cheers!
Nota
A bit more development, but still the pattern is messy. I recommend patience and letting the pattern give us more info.

We have 2 scenarios we are looking at:

captura
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