There is a difficult situation! Despite the apparent formation, of prospective "Leading Diagonal Triangle", the situation remains uncertain and significant. At the moment the situation dominates the higher timeframes. We say very carefully, that the Wave theory, , according to the , Delta&Cluster, says descending tendetsii in any case, until a significant core of Buyers.
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Use W-X-Y instead of 1-5 counts.
I will avoid forcing a-b-longer c with the 5 waves count (eg: 5? (red) ... more appropriate to an X wave form which is sharp and as a link to next group of waves)
GU is in a complex correction mode. It is why I don't take this pair at the moment...more headache. All the waves are in threes. With w-x-y I am sure u'll be easier navigating it.
Anyway...nice EW counts. like it.