Yesterday's fall was very deep, wait for today's price action before deciding bias, a failure to rally today means a new downtrend has started.
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:
Thursday Feb 2
I'm expecting a volatile end of week for all GBP pairs, it's better to wait it out or small shorts on all GBP pairs.
I'm expecting a volatile end of week for all GBP pairs, it's better to wait it out or small shorts on all GBP pairs.
Comment:
Friday Feb 3
Support need to break to keep the bearish bias.
Support need to break to keep the bearish bias.
This 1.2450 resistance is very important today, if price can climb back above we are still looking up, else a fail will see this pair fall further tomorrow.