I will still say this pair is down, but depending on today's moves, a rally from here would change the trend.
This is my forecast for the month 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 month 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:
Thursday Feb 2
Waiting for a pullback to resistance to decide bias for now
Waiting for a pullback to resistance to decide bias for now
Comment:
Friday Feb 3
Resistance broken, and minimal pullback done, look for a rally to 0.8660 area.
Resistance broken, and minimal pullback done, look for a rally to 0.8660 area.
Price may rally abit further up into the 0.8660 resistance before turning down. A rejection there will tell us that it is going down somemore. Else a turn down from current price is also possible, but i rather wait for the rejection.