This should be a straighforward drop to the 0.9080 area.
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:
Bias still remains down, the bigger upmove has given me better price that I have shorted to the 0.9080 area.
Comment:
Wednesday
That support held and it changed my bias to neutral, I have closed all my shorts. Waiting for the next break to decide bias.
That support held and it changed my bias to neutral, I have closed all my shorts. Waiting for the next break to decide bias.
Comment:
Thursday
We could be looking at a market turn here but not yet. A break of 0.9340 resistance will tell me that the bias had turned bullish.
We could be looking at a market turn here but not yet. A break of 0.9340 resistance will tell me that the bias had turned bullish.
Comment:
Friday
Still awaiting a break of that 0.9340 resistance for a directional change.
Still awaiting a break of that 0.9340 resistance for a directional change.
