i don't have analysis on GBPUSD in long term view, because i don't see a clear pattern on weekly TF and i don't know which direction is it going.
but based on daily structure i see, there is an impulsive phase which is about to be proved that its over.
break out of 2-4 trendline is a clue that its over.
maybe on lower timeframes there will be opportunities for long setups.
but based on daily structure i see, there is an impulsive phase which is about to be proved that its over.
break out of 2-4 trendline is a clue that its over.
maybe on lower timeframes there will be opportunities for long setups.
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this is an other possible counting suggesting one more leg to downside:
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waiting for a wave to down side:
