I issued a sell call to my members earlier today to firstname.lastname@example.org.. Prices has since fallen somewhat. I'm looking for it to keep falling. Obviously, the stops on this pair will go somewhere above the highs set back on sep. 29th.
I have the wave 5 of (b) completed now. What I'm looking for now is for this pair to POSSIBLY take a nosedive in a deep fall in a wave (c). Wave (c) should be unfolding in 5 waves.
There are several patterns here that are in play. First, I think what catches the eye would be the POTENTIAL (blue). The C point is possibly set now. If you look to the left, I have also marked that there was a COMPLETED . This was a 61.8-78.6 and not a perfect . The other pattern that I see MAY BE possibly in play is an expanding . It's WAY TOO EARLY to say for sure that this expanding triangle is valid but I'm projecting it anyway.
MY TRADE PLAN
Already SHORT on this pair. I will be holding this SHORT from here for the LONG TERM. I think there is a LONG WAY DOWN to go. It's a low risk compared to the possible reward.
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