Aussie Cad looks short to me

This looks short - the recent long move could well be a correction of the previous short. It is currently around the 61.8 fib and looks like a ending diagonal c wave of a Zig Zag
price has recently broken out of this diagonal and could be about to short.

All 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

Komentarz:

Still waiting for a bearish breakout - since posting the chart we've had a c wave completion within the low degree correction. This could possibly become more complicated but at the moment it looks as though it could come down to the bottom structure line. From there we'll wait for the breakout if it comes. This is why we wait for the breakout or at least an entry set up in the direction of the forecast before opening any positions.

Komentarz:

You couldn't make it up lol

Komentarz:

Post a chart and with minutes price does the opposite lol

Komentarz:

In my defense price went up before we got the corrected as expected

Komentarz:

The chart above is linked to the dynamic version - clink it to see the correction