thillygoosth

GBP/USD potential wave pattern

FX:GBPUSD   British Pound / U.S. Dollar
GU counts out like it wants to make a flat. It's in an uptrend until it completes a smaller correction. But if it does, I would think it will break the trend line and do one more up to complete a full retrace of move down. Of course there are some different things it can do, but as long as it were to follow that path, I would continue to trade that scenario.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.