GBPAUD broke structure to the downside which indicates momentum, however the market is still in an overall correction. Traders are anticipating the completion of the correction which will result in the market forming the next bearish impulse wave once the bear flag completes.
US30 bulls are still in charge as the market rallied aggressively to the upside. A break of structure to the upside will likely continue the trend.
USOIL aggressively broke structure to the upside. Traders are anticipating the market to rally up to the previous high.