C Wave about to start?

9 Mar 2017

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

13 Mar 2017

Not

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

15 Mar 2017

Not

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.

16 Mar 2017

Not

Looking for a pullback or flag for a short entry

19 Mar 2017

Not

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

21 Mar 2017

Not

Looking good