Price has moved sideways for a week and price seems to have turned down, I am expecting price to start falling to initially the 0.7410 support.
This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates. I'll be using Daily charts from now on, cos that's the TF that I actually use.
If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look at my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.
Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates. I'll be using Daily charts from now on, cos that's the TF that I actually use.
If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look at my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.
Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
Comment:
Wednesday Feb 1
Keep looking down towards 0.7420.
Keep looking down towards 0.7420.
Comment:
Thursday Feb 2
A test of support needed to confirm this upmove.
A test of support needed to confirm this upmove.
Comment:
Friday Feb 3
Price went too fast up, today will be retracement day, if it falls to that support means the trend is still down.
Price went too fast up, today will be retracement day, if it falls to that support means the trend is still down.
Yesterday's failure on Friday's low is worrying for shorts, however price need to rally up alot to change the bias. I prefer to keep looking down, but wait for the break first.