We've correctly predicted this c Wave so far but we are now looking for a turning point.
Given the degree of retracement and the divergence on the MACD I would expect a move up to start this week - if not then next week.
We will now wait for a long setup before getting involved Remember we do not trade turning points - they are to unpredictable and you'll lose your account trying.
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 purely for educational and discussion purposes. Your Ideas, comments and questions welcome
Good luck Steve
Kommentar
⋅
Still waiting for a long entry setup - remember do not try to predict the turn point This could turn very quickly since that has been the previous MO. We are looking for an impulse and pullback for confirmation and best R/R. This has a long way to go up so no hurry.
Kommentar
⋅
I hope some of you got in on this one - it turned on a dime and I missed it. Not to worry we can wait for the pullback then get long
Kommentar
⋅
We've had a nice pullback - time to look for a long entry set up.
Kommentare
Mairita
⋅
Hi,what is your target here?
SteveNixon
⋅
@Mairita, Top of the Flat. If things change along the way then I'll reassess
Mairita
⋅
@SteveNixon, thank you! Do you have some thoughts on EURJPY?
SteveNixon
⋅
@Mairita, Yes It's at a point that I call "Decision Time" Wait for it to tell us what it's going to do next. It could go either way. We'll know more on Tuesday