Setups:

GBP/JPY:


After this huge 5 waves move up there is correction now. It can be ABC correction and it should be like this:


There was wave A. Stoped on 38,6 of whole move. Now its wave B. It should stop somewhere on blue level. It is Fibo of wave A and 140 pips - and it is lenght of correction wave 4.

If there will be a sell signal in that zone i will open short.