GBPUSD: Getting Ready For A MASSIVE Rise!

I've predicted massive rises before in other pairs and massive falls in still others months ahead of time. With GBPUSD, it is no different. I've predicted a huge move up in this pair months ago. Instead, it's been steadily dropping. But is this a drop leading to an even more massive drop? Or will we see that massive move up I had predicted months ago? Let's see...

4HR Chart Above - First, A Retest Of The Lows To Set The Stage For That MASSIVE Move Up
So in this 4Hr chart, I am seeing that prices need to come back down from the recent rise and retest the lows here before making the move up.

WAVE COUNT
This pair was recently in a long downtrend that ended in what I labeled as a wave (b). So if that was the end of wave (b), then we have already seen the start of wave (c) up. Which I am expecting will be 5-waves up. The wave 1 of 5 of (c) looks to be completed and we should be seeing the wave 2 now. Within that wave 2, I am seeing that wave a and now wave b seems to be complete. So if correct, we should be seeing the wave c down starting now.

PATTERNS
There are 2 patterns here BUT neither one of them are confirmed. On is the POSSIBLE Bat (blue) that is defining the move back down and the other is a POSSIBLE Bat that shows the way up AFTER prices have retraced back down. If prices do not retrace back down, then neither of these patterns will be of any use.

Click on each chart below to get more analysis:

LONG TERM CHARTS

DAILY CHART - Prices Are Within The Crab PRZ

WEEKLY CHART - Two Possible Counts. Same Conclusion.

WHAT TO EXPECT
We should be seeing prices decline back down and even if it does not complete the bat pattern, it should come close and retest the lows between the .618 - .886 retracement levels of wave 1.

MY TRADE PLAN
I'm already SHORT on this pair to try to capture pips on the way down in that wave c of 2. If it goes where I think is might, that should yield some nice pips.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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