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
Comment:
watch it to correct for that last push

Comments

good analysis..
+1 Reply
KosirFX Mark_demariya
@Mark_demariya, thanks
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Clean and clear mate 🙌 also looking for the sell.
+1 Reply
KosirFX TheSignalyst
@TheSignalyst, thanks mate! yea that move is obviously
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I completely agree, I checked gbpusd earlier, and I expect a little push up and a retracement as well :)
+1 Reply
KosirFX transparent-fx
@transparent-fx, thank you! yea i see gbp pairs move nicely after this pattern will be completed
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