Short trade on the Swedish Krona

This looks to have broken out of the trend but wait for a correction before trying to enter a short trade. Price may reach the previous low before rebounding for a C wave.
Please refer to the links below to get a more complete picture of the dollar index and the other pairs which its comprised of.

I'll update my analysis as price develops so remember to follow to receive them.

Any one trying to learn Elliott Wave Theory can find a free comprehensive Building Blocks video course on my website see my profile for the link.

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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 Nixon

Comment:

Possible short trade set up