FOREXCOM:GBPUSD   British Pound / U.S. Dollar
The yellow arrow is a bearish CURCT and the resulting AB=CD (yellow lines) has completed indicating the downside trend is likely over and the bullish RCT (white arrow) is now the dominant pattern. Again I am waiting for a HCT candle to confirm the price structure. This price structure is valid unless price closes below 1.3556.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.