Trend is bearish in four hours time frame. Critical resistance level is present at 1.4666 price level. In last few days, price action has showed some signs of buying pressure. Now, price is falling down to print Wave b pattern which is part of an a, b and c Zig Zag pattern. So, in next coming days, I expect a bottom and rise in market. Based on current Elliott wave count, a good idea is to wait for the market to print a complete corrective Zig Zag pattern and then look for a sell trade. However; a decisive bullish break out above 1.4666 resistance level will change bearish trend and then I might like to quit trading GBP/USD currency pair and redo 4 hours chart analysis.
