C Wave about to start?

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

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So far so good - Let's see what happens next

Commentaire:

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.

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Looking for a pullback or flag for a short entry

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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

Commentaire:

Looking good