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Tendorian
Jan 15, 2017 3:47 AM

AUDUSD Forecast January 16-20 

Australian Dollar/U.S. DollarFXCM

Description

Currently neutral as we are at a strong resistance area. Waiting for the resistance zone to be broken before going long on pullback.

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

Tuesday

Still awaiting a clear directional signal.

Comment

Wednesday

Since resistance broke, wait for pullback to go long to next resistance.

Comment

Thursday

Minimum pullback completed, still looking up.

Comment

Friday

Still waiting for price to go up into perhaps that huge resistance zone.

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