Elliott waves analysis – We’re sellers towards 1.19

Yesterday, the British pound rallied to the lowerside but is still within the descending wedge formation. As long as the price remains below the upper trendline, I am looking at nothing but a possible long term sell position, the idea on this chart is to keep looking for low risk sell orders with the next ideal target set around 1.20160 and may breakout much lower.

We’re sellers towards 1.19