The pound has been correcting for the last 4 months after the Brexit turmoil. I don't trade fundamentals but given that the negative effects of Brexit are "priced in" I expect the pound to recover this year. This is potentially backed up by the charts - I see the channel line as a potential bottom so price should rise from here. It could possibly complete a C...
Seems to be in a huge ending diagonal which could have some more up in it. Currently it seems to be heading down to the channel bottom. There is a nice short set up on the daily timescale so we'll keep an eye on the 1H chart for a breakout. All forecasts will be updated as they develop - remember to follow to receive them. Always wait for an entry set up...
This pair have been in a huge corrective structure for 10 years Currently it seems to be making wave E to the top of the structure but of course it may make a large correction before reaching the top. The E wave shape also backs up the strong possibility of a correction within it. Conclusively we should be watching carefully for any break down of the current E...
Currently making a correction on the daily timescale - looks like a simple ABC but of course it could become more complex. This week look for completion of wave C and potential long trade to the top of the corrective structure (at least) All forecasts will be updated as they develop - remember to follow to receive them. Always wait for an entry set up before...
I've been waiting for a sure sign that this pair is going long. It is currently at the top line of the bear diagonal. Keep an eye on this for a breakout. This could be the start of the move back to the top - if it fails to break out then look for one more move back down into the diagonal. All forecasts will be updated as they develop - remember to follow to...
This pair have been tracking sideways in this channel for more than a year. It currently looks short and may come all the way down to the channel bottom It may still have some more upside to it before breaking down. As always wait for the breakout and entry set up before doing anything. If price does not do what you expect then stay out. You can only lose money...
I'm looking for an end to this current impulse. Wave 5 will complete soon (it may already be complete) You may want to take profits once it looks corrective - set a close stop loss and let it take you out ( if it continues long you will still be in the trade) Forecasts will be updated as they develop so remember to follow so you don't miss them. Always wait for...
Looks Long but is currently in mid wave correction It may correct as indicated (ABC) or it may go long from here Either way wait for the breakout All weekly 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...
It is easy enough to see what is happening with this chart. It is currently approaching the top side of an 3 wave ABC correction It could bounce back for to make a 5 Wave correction or it could break out and go long We'll have a better idea once we reach the structure top. All weekly forecasts will be updated as they develop so remember to follow to receive...
Forming a 5 wave corrective structure. May fall to the bottom of the channel then should climb back up next week 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
Price is approaching the channel bottom. There is a high probability that it will bounce back into the channel Wait for the correct set up and there may be a great trade to the top All weekly 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...
Look like it's going up for another wave. Perfect buy set up currently presenting itself Price has just broken out of a flag 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
Looks like it's making a D wave of a higher degree correction. Currently it seems to be in the B wave of the 3 waves which will take us to D This current structure may have some more up in it but it is highly likely that it will break down within the next week or so. Remember you cannot lose money until you open a position therefore you must wait for the chart...
It may be breaking out of the recent short trend but we'll need confirmation before opening any positions. It may break north very soon - if not then look out for a short set up as it could still go back into the short channel. Wait for the breakout and an entry set up before risking your money. This is not investment advice - it is purely for educational and...
This has recently broken out of the weekly sideways correction and looks short. The shape of the correction makes the next high degree move look short. Currently it seems to be in a lower degree correction but once it breaks out of this it should present a nice short opportunity. The breakout could happen soon or it may go back up for another low degree...
We are currently in a correction after a long impulse. I think the impulse will continue up after the correction has ended - this bias is based on the fib retracement of the previous high on the weekly chart. We'll get a better idea of where it is going once it breaks out of it low degree correction it is currently in. No entry set up at the moment but I'll...
We have recently broken out from a daily short channel. Since then a lower degree ABCDE correction has formed and could now be complete. Given this and the current price I am inclined to be long on this pair. It currently appears to be breaking out of the correction - wait to see how it develops and see if it gives us an entry set up. All weekly forecasts will...
There has been no need to adjust this chart from last week. Price has moved exactly as predicted and it is currently at a decision point. We will have to wait for more information before we can tell what is going to happen next. It is easy to see that it will either bounce back into the channel or it will break out. I am inclined toward the bounce and a short...