Waiting for price to reach my area of interest before deciding what to do for this pair.
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.
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Still waiting for a break of support or resistance before deciding bias.
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Wednesday
Still no directional bias.
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Thursday
Price has decided that it is bullish. Wait for a pullback to long to resistance at 0.7220.