GBP/USD is after 1-5move down. Last week i was expecting ABC correction and move down. But seem we had up trend impuls and we are just after 1st wave of trend.
I will look for level marked blue.
1st it is 50% of this wave 1.
2nd correction waves of last down trend 2 and 4 were about 90pips - so im looking for analogy and its near 50% level.
If i get signal close to this level i will open longs.