Long bias, very similar to GBPCHF, TP at resistance, wait for break, buy on pullback and target next resistance.
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.
Just because price has reached my area of interest does not mean I will open a position unless I specifically mentioned I would open a position there. I would normally watch the price action before deciding.
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.
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First target reached, wait for a pullback and target 0.9050.
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Wednesday
Pullback done, at least my long has been triggered. Waiting for the next upmove to 0.9050.
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Thursday
Still waiting for the big upmove to happen.
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Friday
This waiting is making me old. While I am still bullish, that high on Tuesday will become resistance come next week. If we don't clear that high today, it will be the place for us to TP and wait for a break.
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rsam
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Thank you for the daily updates - looking forward to how Friday ends for this pair :-)
Tendorian
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@rsam, Yep definitely hoping for a break to the upside.