Will look at PA when price reach that 80.00 zone, generally wanting to buy at that area. There could be a big drop if it breaks but it is the less likely scenario. If price goes straight up to the 82.00 area I would wait for a clear signal as that area is an area of resistance.
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:
I'm waiting for the 80.10 support to break first before shorting.
Comment:
Wednesday
Still waiting for a break of support.
Still waiting for a break of support.
Comment:
Thursday
Still standing aside until a clear break of either direction happens.
Still standing aside until a clear break of either direction happens.
Comment:
Friday
Still no clear directional bias.
Still no clear directional bias.
