 Welcome traders to another intraday wave analysis session with me Patrick Munnally. I want to draw your attention today to the sterling year on the four hour time frame. On the higher time frame on the daily chart it appears now that we have a wave three high and a potential wave four low in place completed a WXY corrective move last week into the equality objective at 148.64. We've since seen some responsive buying and potentially put in an impulse move here off that wave four low and so this should be the new wave one high so we're now looking for a three wave corrected move to put in a wave two low where we'll be watching for bullish reversal patterns to set long positions targeting a move up into the 154.89 area. The invalidation point for this thesis would be a move that broke below 148.68. As always traders trade the