Weekly Forecast CAD SWISS

This pair appear to be making an ABC Flat on the Daily timescale
It probably has a bit more to go before wave C is complete therefore I'm long on this.
Can it go short from here? YES - remember we're dealing with probabilities.

Focus on the structure because it will tell you where it is most likely to go.

On the 1H chart price has broken out of the previous channel and is correcting again.
It could be the start of an impulse i.e. wave 1 and 2 - if so then it has much further to go.

There is no long entry at the moment but if one presents itself it may be worth a punt.
Naturally if the structure changes the forecast will change.

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 educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve

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