Looking to short if there is a pullback, otherwise wait for the break.
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.
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.
Comment:
2 supports broken, wait for pullback to initiate more shorts to the next support level.
Comment:
Wednesday
Minimum pullback complete, short to the next support level at 1.6400.
Minimum pullback complete, short to the next support level at 1.6400.
Comment:
Thursday
A very tight call if support was broken or not. When in doubt don't assume, so support was not broken. Still waiting for a retest of resistance to short to a support. However if another fail happens at this support, we might see a turn.
A very tight call if support was broken or not. When in doubt don't assume, so support was not broken. Still waiting for a retest of resistance to short to a support. However if another fail happens at this support, we might see a turn.
Comment:
Friday
Another support broken, so wait to short at the pullback.
Another support broken, so wait to short at the pullback.
