Short Bias, keep shorting on pullbacks from support breaks until the 1.6700 area where a stronger support is 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.
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:
Wednesday
Like most GBP pairs, this upmove looks bullish but also looks like a pullback is complete. A test of support is needed to confirm this upmove. Else we are still going down.
Like most GBP pairs, this upmove looks bullish but also looks like a pullback is complete. A test of support is needed to confirm this upmove. Else we are still going down.
Comment:
Thursday
Trend has changed, waiting for pullback to go long.
Trend has changed, waiting for pullback to go long.
Comment:
Friday
Still waiting for a pullback.
Still waiting for a pullback.
Still down, short on pullback.