GBPUSD - 27 December 2021

Price is now mitigating 4H major supply, we can see price take out 15m structural LQ and give a 15m bearish CHoCH, price could respect the extreme supply while taking out upside LQ formed recently and continue lower as we have a 4H BOS but yet to get a decent pullback. This could be the initiation of pullback of 4H bullish leg.