I'm expecting a short trade back to the channel bottom to complete the corrective impulse. Once we reach the target we'll probably be looking for a long trade but lets get the first step out of the way.
Most forecasts will be updated as they develop so 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
ความคิดเห็น
⋅
Remember the short trade may not reach the channel bottom as it could possibly be wave 2 of an upward impulse.
ความคิดเห็น
⋅
OK we have a move down as expected - remember this may not reach the structure bottom so I'm not trading it. Wait for the long trade
ความคิดเห็น
⋅
OK so far so good - let's if it breaks out and gives us a long trade soon
ความคิดเห็น
⋅
Guys I got a trade on this today but I accidentally deleted all my charts and had to spend hours re drawing them so I didn't get a change to post the entry set up. It may bounce back down of the channel top but if it breaks out look for a long entry set up
ความคิดเห็น
⋅
Here's the entry set up I used earlier - price is breaking out at the moment - wait for a flag or correction for an entry setup