Looking generally to the GBPUSD in long interval , weekly specifically , we can see where we are going and how to trade this in daily or intradaily intervals . It shows a clear 3 waves down , 2nd wave is sharp , 4the wave should be side ways either Flat or Traingle . fast traders can trade between the trends of the triangle , position traders can take a sell position in E wave of the triangle or C wave of the flat . best luck .
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Daily interval
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4 hours
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wave D down :
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wave D
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3 hours cahrt : we are about to finish D wave then we will go up for E wave , we need to trade above wave B wave to continue in triangle correction :
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looking for break out the channel up for wave E :
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after finishing this E wave prepare yourself for a strong sell up set . watch it carefully .
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waite for the right moment for a sell set up after E wave up :
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wave E
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After this E wave finish , a very strong move down is expected , here I'm going for bearish set up and my target is below B wave .