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TFC Commodity Trading Forum

british pound

wave 1 looks to have completed or close to it with an extended wave 5.
intra day looking for the 5th wave down of the 5th wave extention to end somewhere in the vicinity of 14978. (truncation is very possible here as we have 5 waves up intra day and are zig zagging off the highs.) I have entered long positions @ 15015 and resting orders at 14980 per june contract. price obj 155-156 . a close back near the highs sets up the wave 3 and a buy to over 152.

good trading

CK