GBPUSD
Price is trading sideways as a corrective pattern which is a contractive bearish Triangle. On the bigger degree we are in a wave 4 phase and looking to complete the wave 5 phase. We have to see the wave E complete before seeing the next drop.
XAUUSD
We have an impulse sequence unfolding on the bearish direction. Waves 1 and 4 not overlapped and we are looking for a wave 5 completion. The wave 4 could be potentially be completed and we can soon see a drop.
Price is trading sideways as a corrective pattern which is a contractive bearish Triangle. On the bigger degree we are in a wave 4 phase and looking to complete the wave 5 phase. We have to see the wave E complete before seeing the next drop.
XAUUSD
We have an impulse sequence unfolding on the bearish direction. Waves 1 and 4 not overlapped and we are looking for a wave 5 completion. The wave 4 could be potentially be completed and we can soon see a drop.
