Long trend to continue. But how long?

The GBP is in corrective mode on multiple degrees of scale. Since I am still fairly new to this it will make labeling diffult until the movement is complete. One of two things is currently happening. Scenario #1 is that it is currently making a flat of some sort. If this is the case then it should slowly move long until it pokes its head above 1.6090 and possibly making a new high above 1.6094 once that movement is complete it will most likely fall below 1.6055 and perhaps as far as 1.6030 before taking off long for 5 waves (please keep in mind that a running flat would negate the neccesity of it making a low beneath 1.6055 but this is the lowest probablity scenario). Scenario #2 is that it is making out a triangle of some sort.  The retrace will be almost nonexistant and then it will take off long for 5 waves. I will try and give a projected end zone for the long when I am condfident that wave {b} or B is finished. Also please note that the extended 5th possibility in my last post did not play out so that info is not a factor in this analysis.