Waiting for the long trade all the way up!!

I posted a Forecast Chart on the Daily time frame for this pair a few days ago. I was just going to take a screen shot of this to show what it looks like on the 1H but it needs more than that so I've posted this chart. Please see the earlier chart linked below for context.

I am expecting a huge move up to the channel top over the coming months. If we can get into it as early as possible it could give us some nice profits

So far it has been correcting the initial wave of the long move and has come down to the 61.8 fib via a nice zig zag.

It may come down some more to test the 78.6 fib but I'm not interested it that as it's not obvious and therefore risky. I'm more interested in waiting for a long entry set up and trying to ride this pair all the way up.

It will be worth a few false starts to get into this - i.e small losses or break even trades, that's part of the game.

Hope this helps clarify my thinking on this

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

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Still waiting for the long entry - looks more likely to move down to the 78.6 fib channel bottom but watch out for a long entry set up as it may be our signal for the big move up.

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