Elliott wave analysis of GPB/JPY (Pound/Yen)

2019-11-14 08:51:08

I decided to change the order of updates of the DASH and pound/yen due to the fact that a powerful exit from the triangle is ripening here. It remains only to figure out which way ...

The structure and objectives of the wave "2" completed and approached the local divarication. Both options shown on the chart are valid now, so you can try to trade either of them or both with a short stop and an excellent risk/profit ratio in both cases.

Personally, I would like to see 141.5+ and only then a big short, but it is quite possible that this will not happen and the pair will immediately go down. Confirmation of a large short - a breakdown of the red channel down.