AUDNZD Forecast January 16-20
Long bias, since the strong resistance area was taken out, we look for longs on pullbacks. Always TP at next resistance then wait for a break, pullback to go long again.
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.
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 my 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.
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 my 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
The pullback is deeper than expected, price has to rally soon else we risk a change in direction.
The pullback is deeper than expected, price has to rally soon else we risk a change in direction.
Comment:
Thursday
Price indeed rallied to keep the bullish structure intact. Keep looking up.
Price indeed rallied to keep the bullish structure intact. Keep looking up.
Comment:
Friday
This move is taking a long time to unfold.
This move is taking a long time to unfold.
Still waiting for the up leg to begin.