If my wave counting is correct, we are in the 4th wave of a strong uptrend which seems is getting to be completed because of 3 possibilities:
We are expecting a rather fast completion of this corrective structure for the preparation of breaking the weekly trend line.
The previous trade is in the play (in profit and stop loss moved to profit too), so far exactly as forecasted.
As you can see on the chart, I copied and placed a possible pattern from September 2017 that we are expecting to see here too, it explains our idea clearly.
We are expecting the up move and the previous trade also is in the play but nothing much happened since.
So the forecast is shown on the chart and in case of breaking the monthly line the trade’s stop loss will be triggered and the idea wouldn’t be valid anymore.
As you may know, since 2017-18 we are waiting for the uptrend but it still expanding the correction in the same place.
So if it wants to start it, the US Election is the only thing has left on our list
GBPUSD (4H) An uncertain/slow down move, then UP, The previous trade is in the play (in profit and stop loss moved to profit too), so far exactly as forecasted 👍
Watch the area around the green arrow, to see what kind of pattern will form there.