Short bias. Support breaks, sell on pullback, TP at next support, wait for break and repeat. Do however be careful if price goes sideways. Other than that no surprises expected.
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:
No change, keep looking for break of supports to short to the next area of supports.
Comment:
Wednesday
We could be at a turning point here, there will be a retest on Friday's low, if it holds or prices climbs back above 1.3260 I would turn neutral. I will TP all my shorts on Friday's low and watch PA before deciding the next move.
We could be at a turning point here, there will be a retest on Friday's low, if it holds or prices climbs back above 1.3260 I would turn neutral. I will TP all my shorts on Friday's low and watch PA before deciding the next move.
Comment:
Thursday
Friday's low retest done and held. We could see sideways movement here and perhaps a turning point. However if support breaks we could see more downward movements.
Friday's low retest done and held. We could see sideways movement here and perhaps a turning point. However if support breaks we could see more downward movements.
Comment:
Friday
Since support was broken, we look for a pullback to 1.3177 to short to 1.3005
Since support was broken, we look for a pullback to 1.3177 to short to 1.3005
