I've been waiting for this to complete wave B so we can short it to the channel bottom We've had a nice move down on the 1H chart which could be the start of the C wave. I'll be waiting for a pullback or flag for a chance to get short. It could stall on the bottom of the B channel but the reward all the way down is worth the risk.
All forecasts will be updated as they develop - remember to follow to receive them.
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes. Your Ideas, comments and questions welcome
Good luck Steve
Komen
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So far so good - Let's see what happens next
Komen
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Price is still hovering around the structure line and I'm still thinking short on this pair. We could see another wave back up - depending on the FOMC rate decision today but as I always say I do not trade the news so unless is breaks short I'll not be in this one yet. It might be worth placing a short order below the structure but that will depend on your trading strategy.
Komen
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Looking for a pullback or flag for a short entry
Komen
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We're making a correction which could pullback to the trend line but keep an eye on it as it may break before then. If it doesn't break then we'll start looking for a long set up. My bias is still short though
Komen
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Looking good
Komen
IamJeanPaul
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I appreciate your analysis, it really helps to get a view on the markets. Thanks for sharing.