FX_IDC:GBPUSD   British Pound / U.S. Dollar
186 3 8
Since January this year PA has all been corrective as an on-going correction (4).
Now on it's last leg up wave v of expanding diagonal (c), for completing this correction (4).
Point of invalidation of this wave count is at bottom of purple ii.
Deep retracement of orange wave 2 provide 2nd chance long entry, or being invalidated @ SL 1.4950
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I see you subscribe to the theory that wave iv CAN enter into the price territory of a wave i in non-cash settlement instruments as in forex, huh? Not disagreeing with you on that. I also think so but not by too much. I also agree that this pair along with EUR both have a HUGE wave (c) yet to come. It an outlook I had been foreseeing since 5 months ago. Such long and convoluted corrective wave iv though. Hope it's finally over. May need to wait a few more days though until after the Fed rate decision.
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TradingEW EverythingForex
Well done! the market is following your call.
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