We have recently broken out from a daily short channel.
Since then a lower degree ABCDE correction has formed and could now be complete.
Given this and the current price I am inclined to be long on this pair.
It currently appears to be breaking out of the correction - wait to see how it develops and see if it gives us an entry set up.
All weekly 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
Since then a lower degree ABCDE correction has formed and could now be complete.
Given this and the current price I am inclined to be long on this pair.
It currently appears to be breaking out of the correction - wait to see how it develops and see if it gives us an entry set up.
All weekly 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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