GBPUSD UPDATE

GU on the higher timeframes is bearish and recently made HTF bearish impulse, the market is now oversold and im expecting a correction. On the weekly TF we can identify how the market has formed a harmonic pattern in the form of M formation and we expect the market to complete this pattern at the neckline giving us a upside swing target. We are also testing a strong level of monthly and weekly demand. On the lower TFs the 2H specifically we can identify how the price is forming a nice floor (support) below this support resides mass amount of stop losses. I would like to see the market maker push price below this floor to sweep the liquidity of longs and also induce bears to open short positions. This will create an area of liquidity above in which the market can then make the intended move into. We will be monitoring PA on the lower timeframes for entry confirmations ONLY after the market has swept the liquidity.