#GBPUSD
We still expect more downside in #GBPUSD.
Typically, wave B tends to correct wave A up to the Fib 50-61.8 zone.
However, in this case, we’re watching the Fib 38.2 level closely!
Why?
✔️ Strong support/resistance zone
✔️ Matches the neckline of the H&S pattern
If the price breaks above this resistance and holds, we’ll replan for a scenario where wave 2 might have ended earlier than expected.
📌 In trading, it’s not about what we expect;
It’s about how the market actually moves.
Follow the structure. Trade the plan. 🎯
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