Appopsite to GBP USD i see in this paire one more possibility to push down one more time so we could get a trade ratio up to 50 %
now we can be at wave 5 of 5 thats why i think that will be the last little move downwards
longterm short oppurtunity at GBP USD. The chart looks like building an ending diagonal to finish its privious abwards impuls.
also i think the bears pressure is moving foward, so its possible that we see a new low for wave 5.
next strong bulls can follow for an new upward movement.
corresponding EUR GBP have a lot of bullish momentum so my prediction is that we...
We see a structure change so i think we have finished the privous correction, now wave 2 of 3 can be finished but we will see it soon its also possible that this was the wave a of 2 but it seems like we alredy finished and start wave 3 soon.
Maybe we have finished corrective wave 4 and are currently in the first wave of 3/5 otherwise it is still wave 2 and we see one new low which stopped the correcuture of wave 1 at this scenario we need to wait for a good price action maybe at the 0,618 retracement.