CHFJPY Forecast January 23-27

Trend is bullish but I would like a pullback first before going long.

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:

Tuesday

The pullback is very deep, price needs to rally a lot if it was to keep the bullish momentum. Else a change in direction.

Comment:

Wednesday

This choppy up and down move is very hard to trade. Looks more like a big sideways triangle movement rather than trending.

Comment:

Would like another test of support and possibly a break before going short. Else if it keeps going up, more sideways movement I'm guessing.

Comment:

Thursday

A break of 112.90 would open the way for more shorts. Wait for it.

Comment:

Friday

As long as that 113.95 support holds today, trend has changed to up.