SteveNixon

SteveNixon Updated 

Price has been in a triangle for months and may be about to break out long. If we see a deeper correction and get a nice long set up we could catch the next impulse up. Don't jump into it wait for the right set up. I might even wait for it to completely break clear of my structure line before considering it a breakout. Remember it is better to miss a trade than to...

SteveNixon Updated 

We've been waiting for price to break out of the triangle for a long time - It may do so this week but it may also push back down to the structure bottom. Don't worry about that because we are only looking for the long set up. If we don't get it then we are not in the trade. Remember we don't chase the trade - we decide which trade we are interested in and wait...

SteveNixon Updated 

This has progressed as forecast (see link for daily forecast below) but I doubt it will reach beyond the start of wave A with out a nice correction. There is no trade yet but keep an eye on this one - it may present a nice short trade in the correction but a better trade could be the long to complete Wave C Forecasts will be updated as they develop so remember to...

SteveNixon Updated 

All the Pound Pairs have a very similar shape - in a correction after the Brexit turmoil of last year. Given the worst fears are probably "priced in" the pound should make a recovery as the deal is sealed over the coming months and years. Therefore price should make a recovery from these lows - remember I only trade structure and not fundamentals. Given this we...

SteveNixon Updated 

We've traded this correction all the way down and price may be about to turn up soon. We don't know what structure the rest of this correction will take but we can conclude we have wave A. The B wave could come back up to the start of A for a Flat or it could be shorter giving us a potential zig zag. Either way I'm looking for a long trade set up and we'll see...

SteveNixon Updated 

The current correction could be Wave 4 and therefore we should have one more move up before a larger correction. We'll know very shortly - once price reaches the structure line we'll see if it bounces or breaks out. Watch for a long entry setup Forecasts will be updated as they develop so remember to follow to receive them. Always wait for an entry set up...

SteveNixon Updated 

I called this pair long a few weeks ago (see chart link below) now it looks like it's ready for a correction before continuing long. If you want to trade the correction watch for a break of the diagonal - then look for a short entry set up. You may want to simply wait for a new long set up which I expect some time over the next couple of weeks. Forecasts will be...

SteveNixon Updated 

We have a long set up presenting on the 240 timescale. It might not be a huge move but it still worth 200 pips. It could also bomb through the trend line. Watch for a deep correction sometime over the next week or so. All forecasts will be updated as they develop - remember to follow to receive them. Always wait for an entry set up before risking your money....

SteveNixon

Price may break to complete the wave down to the channel bottom. Remember we wait for a structure break before looking for an entry. Most 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...

SteveNixon Updated 

I'm expecting a short trade back to the channel bottom to complete the corrective impulse. Once we reach the target we'll probably be looking for a long trade but lets get the first step out of the way. Most 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...

SteveNixon Updated 

On the weekly chart this pair seems to be making a corrective structure - possibly a triangle. At the moment it's not important which structure it is because it doesn't change the trend - it's still up. Currently on 1H we seem to be in an ending diagonal which should correct down before continuing long to complete a 3 wave move up. We don't know when the short...

SteveNixon Updated 

Looks like we are developing a triangle here. These can break either way so let's wait and see what happens. We could see a bounce on the dollar index shortly which would push this pair further down but as always we'll wait for the structure to tell us what it is going to do. The link below will show you my previous correct forecast for silver All forecasts will...

SteveNixon Updated 

Looks like this is going to the top of the channel but there's a big possibility of a nice correction before it gets there. We should get a lot more information over the next few hours. Price will either push on up through the top of the diagonal or it will pull back. If it pulls back look for a short entry set up. Let's see what happens - I expect some sort...

SteveNixon Updated 

We had a very deep zig zag correction which could be complete. Wait for price to retrace some of today's gains and then start looking for a correction or flag (see chart drawing) This is not meant to be exact but merely a representation of what structure to look for. All forecasts will be updated as they develop - remember to follow to receive them. Always...

SteveNixon Updated 

This correction could become more complex but ultimately I'm looking to go long.

SteveNixon Updated 

I don't trade this but I like to watch it as it gives us a lot of information regarding all the major pairs. Price has been creeping up in what looks like the B wave of a corrective structure. It could break down before continuing on up so I've set an alarm on the trend line. From a trading point of view I don't see a long entry but if it breaks south one could...

SteveNixon Updated 

This looks like it is about to correct down although it is currently tracking sideways. I don't see a trade at the moment but once one presents itself I'll update this chart. All forecasts will be updated as they develop - remember to follow to receive them. Always wait for an entry set up before risking your money. This is not investment advice - it is...

SteveNixon Updated 

I've been waiting for this to complete wave B so we can short it to the channel bottom We've had a nice move down on the 1H chart which could be the start of the C wave. I'll be waiting for a pullback or flag for a chance to get short. It could stall on the bottom of the B channel but the reward all the way down is worth the risk. All forecasts will be updated as...