OK we've had a nice correction which could come down some more but I'm looking for this to go long. I don't trade this but it's a great indicator for the major pairs. In the short term I expect price to move to the top of the channel from there we'll see what it does next. It may break out at that point or come deeper toward the 50 or 61.8 fib levels.
Either way the forecast is long and I would expect price to approach my target sometime this month
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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