Early stage bullish momentum, will go long at supports.
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
Price did not climb back up, but however it is also hard to be short againts that strong support zone. So I would prefer to wait for price to climb back above those resistances to go long again.
Price did not climb back up, but however it is also hard to be short againts that strong support zone. So I would prefer to wait for price to climb back above those resistances to go long again.
Comment:
Thursday
Price fell back into the support zone, now we wait, for either a break of support or another rejection from here.
Price fell back into the support zone, now we wait, for either a break of support or another rejection from here.
Comment:
Friday
Still waiting for a break of SR.
Still waiting for a break of SR.
Comment:
Monday Jan 30
The upmove was not convincing, we may see some sideways movement for today.
The upmove was not convincing, we may see some sideways movement for today.
Comment:
Tuesday Jan 31
Sideways until some SR break.
Sideways until some SR break.
The fall was really deep, if price can climb back above resistance we are still long, however if it fails, trend has changed again to favor shorts.