I love when my chart works 🙂 GBP USD moves as expected, and currently I think.. sub wave 4 is in formation. Let see if the price going up beyond 1.5102 then sub wave 4 is invalid.
Daily divergence on GBP USD is valid in my opinion and should bring further down, but before that, there must be a retracement.
Today is good Monday, sub wave 4 in the chart is completed and currently move downward to complete sub wave 5 in major wave 1. As you can see on the chart, bearish divergence exists on 15 minutes timeframe and 30 minutes timeframe. I am short again.