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AndreValentin
Sep 29, 2016 10:09 AM

elliott wave - short  Short

British Pound/Japanese YenFXCM

Description

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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