Tendorian

GBPCHF Forecast January 16-20

Short
Tendorian Updated   
FX:GBPCHF   British Pound / Swiss Franc
6
Short bias, Still shorting until the 1.1900 area where strong supports can be found.

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:
Tuesday

Another support broken, we could see another pullback to 1.2234 before the next down leg.

Comment:
Wednesday

I want that 1.2345 support to be tested today before deciding if this upmove is a valid trend change.

Comment:
Thursday

Trend change confirmed, longs to resistance.

Comment:
Friday

More upside expected.


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