GBPUSD looking for retracement then long

21 thg 4, 2017

Had a complex ABCDE correction with GU, then a first wave with a 38.2 retracement and then the 3rd wave extended to 161.8 fib extension. Looking for retracement to the 50 fib for wave 4 which is also the 38.2 fib for the 1st to 4th wave so confluence between fib levels. Then looking for price action to support a long position