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Hi traders, as you see GBP index is about to complete that running flat, so nice wave to the downside is expected there. It will probably correct on lower tf for that last push to the upside, i see price retesting that trendline and fib 0.618. Dont rush, wait for price to complete that pattern and confirm that drop first! After that i will be looking for price action and sign for reversal. Stay patient, nice setups will form on GBP pairs. Good luck
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I completely agree, I checked gbpusd earlier, and I expect a little push up and a retracement as well :)
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@transparent-fx, thank you! yea i see gbp pairs move nicely after this pattern will be completed
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watch it to correct for that last push