We are anticipating that we have completed 1 of 3 corrective waves to the third touch of the (Daily) outer structure.
Again, at the third touch, anticipate typical market psychology with many people retail short entries too soon - causing net shorts to rise and institutional (smart) money only executing their shorts after one final fake-out.
Both positions executed with a 25 pip stop loss with the chance for one more re-entry should either position not hold to current analysis.
Again, at the third touch, anticipate typical market psychology with many people retail short entries too soon - causing net shorts to rise and institutional (smart) money only executing their shorts after one final fake-out.
Both positions executed with a 25 pip stop loss with the chance for one more re-entry should either position not hold to current analysis.