I issued a sell call to my members earlier today to email@example.com.. 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.
Want more great analysis and pro trading tips like this? Join my faceboook group at www.facebookdotcom/efxselect today (replace the "dot" with a ".")!
Want to know how I plan on trading this pair going forward? Want the same BUY/SELL signals my members get? My members get complete REAL-TIME in-depth analysis, trades, alerts and signals on all pairs I cover as well as expert trading advice and tips. They received my TRADE ALERTS as the trade was happening and got the best entry price! Would that help you? Go here now to signup or to get more info: http://www.efxselect.com
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.