I am bullish but I want to see a quick test of support or a spike, else a break of resistance then some consolidation before going long. No trades at this levels.
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
Resistance broke, wait for the retracement before deciding bias, if the retracement is very deep we might have a change in direction.
Resistance broke, wait for the retracement before deciding bias, if the retracement is very deep we might have a change in direction.
Comment:
Thursday
Look for the upmove to complete at around 143.80 then probably sideways.
Look for the upmove to complete at around 143.80 then probably sideways.
Comment:
Friday
Target reached, expecting sideways movement.
Target reached, expecting sideways movement.
Comment:
Monday Jan 30
There is a possibility of another upmove towards 145.40 resistance. Structure is still bullish, do not try to pick a top here.
There is a possibility of another upmove towards 145.40 resistance. Structure is still bullish, do not try to pick a top here.
Wait for a break of either resistance or support before deciding where to trade next. Else we will get whipsawed.