Wait for a retracement before going long again.
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 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 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 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:
Wednesday
It does look like price wants to test that 1.6590 high again before perhaps turning.
It does look like price wants to test that 1.6590 high again before perhaps turning.
Comment:
Thursday
I think price will fail at the high and then break support. I will wait for this to play out first before being bearish.
I think price will fail at the high and then break support. I will wait for this to play out first before being bearish.
Comment:
Friday
Still waiting for support to break before being bearish.
Still waiting for support to break before being bearish.
Comment:
Oops wrong chart
Comment:
Mon Jan 30
We could be nearing a short term top at 1.6630, wait for price action before deciding once that resistance is reached.
We could be nearing a short term top at 1.6630, wait for price action before deciding once that resistance is reached.
Wait for a break of either SR. Currently rangebound.