This could go either way very soon (24 hours)

I expected this pair to complete a wave down last week but it is approaching the channel line.
It will either complete the wave down or it may break out long.
I'm expecting it to stay in the channel but either way do not get involved until you see a set up to buy or sell (green squiggles)

Please follow for updates

This is only my opinion and not investment advice

Good luck
Steve

Commento:

Looks like it has broken down. Wait for a sell set up before committing your money

Commento:

Update - the descending diagonal may be open to expansion - if it goes long we'll see what happens at the new "diagonal top" ???

Commento:

If you are short on this I would be careful - take profit or move stops to protect against it turning long

Commento:

15 min close up. This may be about to breakout or it may go down for another wave. Either way wait for the breakout confirmation once it happens before getting involved.

Commento:

Looks like it went for a 5 wave correction

Commento:

Wait for a entry set up before getting involved. It may have some more down movement before going long - patients