Finally price breaks above last week's resistance, keep looking for price to break above that 1.0870 resistance before we may finally see a turn.
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:
Friday Feb 3
Trend is still bullish but at this price and looking at the rejection of last week's high, we may see a turn soon. Maybe early next week. A big fall will confirm the trend change.
Trend is still bullish but at this price and looking at the rejection of last week's high, we may see a turn soon. Maybe early next week. A big fall will confirm the trend change.
We could be seeing a turn in trend, but price needs to fall today. Personally I am short already, but if price reaches around 1.0800 I will get out of my shorts.