I think we will see lots of choppy movement in this area, not worth trading as long as price stays inside this resistance zone.
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
Lots of choppy trading, not good for a trend trader.
Lots of choppy trading, not good for a trend trader.
Comment:
Thursday
Price will chop around, trend traders stay away.
Price will chop around, trend traders stay away.
Comment:
Friday
If price cant take out this resistance zone, we are in for a big upmove.
If price cant take out this resistance zone, we are in for a big upmove.
Price again dumped back down into the range, nothing worth trading,