my little view on 15 min chart:
1) now gbpusd is ending 1 day cycle
2) as long as the sequence of rising lows is maintained, gbpusd can rise to the ninth day or even to the eleventh
3) vice versa if the minimum of the previous day or worse of the fifth day should be broken, then there will be room for descent until the eleventh ... thirteenth
p.s. start of new cycle= uptrend ....end of cycle=trend down like now for 1 day cycle
1) now gbpusd is ending 1 day cycle
2) as long as the sequence of rising lows is maintained, gbpusd can rise to the ninth day or even to the eleventh
3) vice versa if the minimum of the previous day or worse of the fifth day should be broken, then there will be room for descent until the eleventh ... thirteenth
p.s. start of new cycle= uptrend ....end of cycle=trend down like now for 1 day cycle
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