GBPUSD Counter-Trading
Upon completing the second push, price pulls back. However, within this pullback, I spot an M formation forming on the H4 timeframe. This formation could be used as a correction since price was only rallying since push 2. This correction can serve as preparation for the final push, push 3. Since the trend is at push 2, this opens up possibilities to counter-trade. We can use this formation to scalp against the trend before entering the last push.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.