Support was tested and held, now we need to see a big rally, else more sideways movement.
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
That fail at resistance is not good for bulls, the unwillingness of price to rally made me turn bearish.
That fail at resistance is not good for bulls, the unwillingness of price to rally made me turn bearish.
Comment:
Friday Feb 3
Trend is bearish, looking for price to fall to 120.53 area.
Trend is bearish, looking for price to fall to 120.53 area.
Another test of support and held again, definitely up.