Short bias, pullbacks has been shallow and short of hitting the broken supports, nonetheless the direction remains down perhaps until under 1.5900 where we find some stronger supports.
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.
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.
Comment:
Wednesday
A pullback or change of direction we still don't know. A test of 1.6198 support is needed to confirm bias.
A pullback or change of direction we still don't know. A test of 1.6198 support is needed to confirm bias.
Comment:
Thursday
Potential trend change, looking at a test of support before going long.
Potential trend change, looking at a test of support before going long.
Comment:
Friday
Still waiting for a pullback to go long.
Still waiting for a pullback to go long.
Still bearish but we are close to strong support areas here, look for a pullback for a final down leg to complete.