I have a Cunning Plan - Short eventually

Well I should say a new cunning plan. This is a follow up to yesterdays chart (link below) - I was waiting for a short entry on this yesterday and it went long in a spectacular fashion.

It should correct before continuing toward the top of the weekly channel - it might not be necessary to wait until the trend line is broken - if a short set up presents itself I will open a position. Remember this is a Daily chart so there is plenty of downside potential before any long continuation.

All 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

Comment:

Sorry I forgot to update this last month but things have progressed nicely - We've had the predicted correction so my mind is now on the potential long trade. We don't have a pronounced MACD divergence yet so we may have some more down side before we see a long set up.

Comment:

Sorry folks my computer crashed and I've been offline for 10 days. I'll update my forecasts and then start with new ones. This pair moved deeper as expected almost hitting the 61.8 fib. Unfortunately I missed the long trade I'd been waiting for but at least the forecast proved correct.