Still going sideways, it does look like it wants to go up, but no bullish signs yet.
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 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.
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
A very very deep pullback, bearish view still valid, but price has to drop today, if it keeps going up the bullish bias will be back tomorrow.
A very very deep pullback, bearish view still valid, but price has to drop today, if it keeps going up the bullish bias will be back tomorrow.
Comment:
Thursday
Like most JPY pairs, a triangle is developing possibly until next week, wait for a break for the next big move.
Like most JPY pairs, a triangle is developing possibly until next week, wait for a break for the next big move.
Comment:
Friday
No triangle forming on this pair, go long on a pullback.
No triangle forming on this pair, go long on a pullback.
Since price broke down, wait for a pullback to short.