Weekly Forecast Aussie/Dollar

2017年2月14日

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 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

2017年2月21日

註釋

This may be breaking down to start the E wave of the correction - wait for the break out before entering short. If it goes there should be a nice trade down to the channel bottom

2017年2月24日

註釋

We are still waiting for a breakout for this ending diagonal - expected to go short but don't be surprised if it breakout long as this is a "D wave"

2017年2月24日

註釋

Bearish Breakout? - wait for a flag or larger consolidation below the trend line before entering short

2017年2月28日

註釋

Waiting for a breakout - it can go either way but I'll only trade the short if it comes