It has been very frustrating trading this pair, price has gone nowhere, will wait for a clear break to the upside or downside before having a bias. Else we are just going sideways.
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.
Just because price has reached my area of interest does not mean I will open a position unless I specifically mentioned I would open a position there. I would normally watch the price action before deciding.
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.
Just because price has reached my area of interest does not mean I will open a position unless I specifically mentioned I would open a position there. I would normally watch the price action before deciding.
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:
Finally this pair has decided its direction, short at resistance for the huge drop to 1.6745.
Comment:
Wednesday
Minimum pullback done, looking for a plunge down to 1.6750.
Minimum pullback done, looking for a plunge down to 1.6750.
Comment:
Thursday
Still waiting for the downmove to complete.
Still waiting for the downmove to complete.
Comment:
Friday
Still hanging onto this short until that 1.6700 support where I will TP.
Still hanging onto this short until that 1.6700 support where I will TP.
