Deduction: H4 making csm buy, look for buy entry on lower tf such as Reentry zone on H1 or lower TF. Always watch out for H4 retracement for Reentry buy. And the reason for GbpCad H4 making buy setup is because the price probably trying to make a retracement toward reentry sell on Weekly TF. If Weekly CS break MaHi, then it would go for Monthly reentry
Edit: I can say it Daily CS will close as breakout because h4 only have 1 CS left. Daily CS has 6 CS if you understand what im saying.
See Daily chart, cs is around Reentry sell at the moment, but we need to confirm it whether it is valid to sell or not.
We doing this by looking on LTF, now on H4 price making buy setup. There no sell setup. If daily want to go short, H4 must have sell setup with CSAK sell first only then you look for reentry to sell based on daily TF.
Why did i say price moving up on weekly TF is because if daily cs able to close as breakout on Reentry MA Hi, daily cs will then look for Mid BB as their next destination.
When it reach Mid BB, we need to see does the CS reject it or breakout above it. If reject, price will short toward Low BB (this would make H4 will have sell setup) and if break the price will look for Ema50 as their next destination.
Ema50 on Daily is Reentry MA Hi on Weekly.
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