Short bias, minimal pullback complete, look for supports to be broken all the way to 118.70 area.
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 my 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.
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Tuesday
Support broken, wait for a minor pullback before the big down move to 118.70
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Wednesday
Minor pullback complete, look for price to keep falling to that 118.70 support
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Thursday
If prices fall down alot today, the bearish trend continues else could be a change in direction.
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Friday
Trend change confirmed, waiting to buy on supports.