Pound Kiwi Forecast

All the Pound Pairs have a very similar shape - in a correction after the Brexit turmoil of last year.
Given the worst fears are probably "priced in" the pound should make a recovery as the deal is sealed over the coming months and years.

Therefore price should make a recovery from these lows - remember I only trade structure and not fundamentals. Given this we are now watching for a change to the current corrective structure. Once broken we will have a much better idea of where the pound is going.
For now I suspect it is making a C correction wave and so is long - this idea is based purely on structure.

All forecasts will be updated as they develop - 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

Kommentera:

I haven't updated this so far because it has been progressing exactly as I forecast. There isn't any sign yet that anything will change but as we know price rarely moves far without a correction. We don't know how far the C wave will go beyond A but it is likely and I doubt it can get that far with out a nice correction. I'll draw a new chart on the 1H scale so we can get a better idea of when the correction will start

Kommentera:

Well we didn't get a major correction but price has reached last months forecast