Hello traders,
We previously forecasted this down move and I even posted a great short setup that you could have taken.
(See previous posts in the link below!)
Now I am looking for an up move to retest the broken yellow trend line above (10.7k-10.8k). Look for a consolidation there and then we can start to reverse back up.
However, it is also possible that the up move will complete a running flat or an expansion and then go down to make 1 more new low before any chance of reversal.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to follow, I will be posting forecasts & trade setups daily.
Thank you,
Good luck
We previously forecasted this down move and I even posted a great short setup that you could have taken.
(See previous posts in the link below!)
Now I am looking for an up move to retest the broken yellow trend line above (10.7k-10.8k). Look for a consolidation there and then we can start to reverse back up.
However, it is also possible that the up move will complete a running flat or an expansion and then go down to make 1 more new low before any chance of reversal.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to follow, I will be posting forecasts & trade setups daily.
Thank you,
Good luck
Comment:
Watch out! The rejection I have showed in my forecast can happen at this current level.
