On the 1 hour chart we see a possible Wave 4 inside that Red downward channel. Aqua Channel maybe the wave C down of this ABC expanding corrective wave 4. So we may see a downward move but very likely to return to an upward trend to finish off a possible wave 5
Note the current BALANCE of the Capital at the bottom of the chart. Small short trade and ultimately, pip harvests can be made. I am not much of an advocate for long term trade unless I am waiting for it to just recover. More trades should be made when opportunities present themselves. However , There should be a limit to the trades entered should there be an increase in the number of trades waiting for recovery.
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