So what are we expecting with the euro?
The scenario has not changed much since last week’s forecast - I believe the most likely path the euro will take is a dip down to 1.3017, form a small reversal, the, complete a small countertrend (this is key) to the upside, and then we will have our signal to entry short for the big wave down.
And the pound? We have been short since 2nd December - I recommended taking partial profits at the end of last week (I too approx. 100 pips off the trade)
If we have any clear reentry signals on the pound I will let you know.
And now… for some special news.
I spent some time (as I usually do) yesterday crunching some permutations and combinations with my entry system - and eureka! I came up with an even more optimised method of entering. Take a look at what we would have been doing with this method so far this week
The coloured arrows are our entries.
This is what we will be doing from now on