This pair are in a high degree correction and may have one more wave down. I expected it to complete the down move but it looks long at the moment. It may go back up for a retest of the channel top = if so wait to see what it does next. I still expect it to complete another wave down but lets wait and see, There seems to be a long set up now which could turn out to be a great move if price eventually breaks the top.
I'll keep followers updated on this as it develops
NOT investment advice just an idea for discussion or learning Good luck Steve
Komen
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Price has broken long - wait for confirmation of the direction (some sort of correction) before considering a long position.
Komen
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Komen
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Keep an eye on this - it's possible that this flag is all the correction we are going to get
Komen
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Nice move up in the Asian session - still looks long and perhaps a good point to add to the position
Komen
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This didn't go back to the top of the channel. So the expected short has started and is currently presenting an entry opportunity. Wait for the break out of the correction.
Komen
antoniodepinho90
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Nice Trade. Please post update when you see entrance opportunity
SteveNixon
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@antoniodepinho90, Thank you for your comment. If I see a buy set up I'll update you.