INotFancy

GBPUSD on the 4H

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OANDA:GBPUSD   Libra Esterlina/Dólar Americano
8
It is correcting, there's no setups as of yet, because the structure is still unclear. It looks like a big Flat in the making. But, I am not sure whether the A-wave is done yet, cause on a smaller time frame it looks like it's making a zigzag correction right now, which means that we have one more wave up (c-wave), which will be finish the A-wave, and then we could look for a sell-setup for the B-wave down. But, we may be in the B-wave now, if it falls down. So, next week things will hopefully clear up.

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