So here I am showing above that this pair just finished a 5-wave advance in a wave c completion of a larger wave (b). Which itself was part of a abc corrective pattern. And I am also showing a POTENTIAL in which prices are currently declining in.
Now, I have published a that I had meant to be given to members only but I feel that this pair has a POTENTIAL to be pretty explosive that I felt I should share it with everyone.
So here is a MUST SEE that shows what all those larger patterns you see in the MAIN chart above is all about. Make sure you click on the subcharts to get the FULL STORY.
DAILY CHART - Click on the chart to get the analysis
MY TRADE PLAN
I've been waiting for this in what seems like FOREVER! And now this possible drop may be here! I'm SHORT now along with the SHORTS I have been holding from back in August. Yes, I've been holding those SHORT positions for almost 3 months now! And I think they are about to pay off BIG! My stops in case I am DEAD WRONG will be above the recent highs so that if prices do get there and take out the highs, my wave count and all these patterns would ALL be wrong. I have a SUPER LONG TERM profit target in mind for this pair although there are several intermediate places along the way down that I could be taking profits and banking them.
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Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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Also, although I appreciate the comments if constructive, should anyone be wishing to give out trading advice, please make your own post and show why. Thanks.
BTW, I do not post my EXACT stops as I reserve my trade levels for my members. I do however, tell as much as I can about where and more importantly WHY my stops are where they are.
Don't take this as me not wanting you to post any comment here but rather post something HELPFUL. Not just say "close the trade". This is NOT your post. Thanks.