AndreValentin
Short

elliott wave - short

FX:GBPJPY   British Pound/Japanese Yen
We could potentially go to 127.000. However, we don't know if this 4 wave is correct.
Prices are trading inside this massive descending triangle so it could go down.
We don't know if wave 4 is at the top for this moment. Which is 132.330.
If all the trades worked according to the plan this would be the beginning of wave 5. But it never works this way.
Just so you have an idea ---- ===
( ??? wave 4 ) retraced 38% of an extended wave 3.

Give me your ideas.

Happy days
Comment: Forgot to mention, Prices could go to 61% retracement of the last move up and go up again.
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