Look like price still in correction (complex form)...if correction wave (X) (turquoise : abc) is completed price cannot exceed 1.07600...but if correction wave (X) (white : abc) is not completed, price can break 1.07600 level and might be reach 1.07800-1.07900 then next wave might be unfold towards to the downside...look for short setup to ride next correction wave...
There are two view : first if price in the white box create motive wave (turquoise), one more leg up before going to unfold next down wave movement. Second, if price create correction wave (white), price is ready to unfold next down wave movement...bias is to the downside movement...look for short setup...
There two view, first If price is in the motive wave (turquoise), price might be rebounce at the support zone and white trendline and unfold next upwards movement. second, if price create flat family wave structure (white) price might be break white trendline and rebound next support zone... short term bias towards to the upside...look for long setup...
White trendline has been broken and now price might be completed wave a (orange)...next price is ready to unfold wave b (orange)...price might pullback towards to the fibo level 50 @ 61.8% of wave a (orange)...short-term bias to the downside...look for short setup...
White trendline has been broken and 5 wave structure has been completed (green)..for now bias towards to the downside due to correction wave still not completed...price might be pullback towards to fibo level 50 @ 61.8% of previous wave structure...
Price still in correction wave B (white), create either running flat or expanding flat...for now short-term view price might be rally...price might be reach either fibo level 50 @ 61.8 @ 78.6% retracement of wave A (white) to unfold another down wave movement which is wave C (white)...bias medium term to the downside due correction of 5 wave (Green) still...
Price look like in final wave 5 structure (might be one more leg down)...soon price might be ready to unfold up wave movement...look for long setup...
Price look like in final wave structure 5...soon might be ready to unfold next up wave movement...look for long setup or wait wave 4 (resistance) being broken...
Wave 5 look like has completed it's structure...for now price might be ready to unfold next up wave movement...look for long setup or wave 4 resistance being broken as a confirmation..
Price look like in final wave structure 5...soon might be ready to unfold next correction wave structure...look for short setup to catch downside wave movement...white box might be zone price to reject...
There are two view on GBPUSD...1st view : if price in correction wave (abc), price can't violate invalidation level and ready to unfold next down movement wave structure...2nd view : if price in motive wave (123454), price might be one more leg up before unfold next correction wave...look for short setup to catch down movement wave structure...
Price look like in final wave 5 structure and soon might be ready to unfold next correction wave structure...look for short setup to catch next wave structure...white box might be zone price to reject..bias short term to the downside...
Price look like in the correction wave structure (wave 2)...price is ready to unfold to the upside movement...look for long setup to ride the next upside movement...bias still to the upside...
Price look like in the correction wave structure (wave 2)...next movement might be unfold soon and price react at fibo level (0.618)...look for short setup to ride the downside movement...bias still to the downside...
Price look like in the correction wave structure (Wave 4)...and price might be ready to unfold next movement to the downside...look for short setup to ride the down movement...bias still to the downside...
Price look like in correction wave structure and ready to unfold next down movement wave structure..look short setup to ride the next down movement...bias still to the downside...
Price look like in correction wave structure (wave 2)...next wave structure might be ready to unfold...look for short setup to ride next down movement...bias still to the downside...
Price look like in correction wave structure (wave 2)...price might be soon ready to the next up movement...look for long setup to ride next up movement...bias still to the upside...